Allied Properties Real Estate Investment (TSE:AP.UN) had its price target raised by research analysts at Royal Bank Of Canada from C$41.00 to C$42.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the stock. TD Securities increased their price target on shares of Allied Properties Real Estate Investment from C$40.00 to C$43.00 and gave the company a “buy” rating in a research report on Thursday, June 29th. Scotiabank increased their price target on shares of Allied Properties Real Estate Investment from C$39.50 to C$41.00 and gave the company an “outperform” rating in a research report on Friday. Canaccord Genuity increased their price target on shares of Allied Properties Real Estate Investment from C$36.50 to C$37.00 and gave the company a “hold” rating in a research report on Friday, May 5th. Raymond James Financial, Inc. increased their price target on shares of Allied Properties Real Estate Investment from C$38.00 to C$40.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Finally, National Bank Financial upgraded shares of Allied Properties Real Estate Investment from a “sector perform” rating to an “outperform” rating in a research report on Friday, May 5th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Allied Properties Real Estate Investment currently has an average rating of “Buy” and a consensus target price of C$39.84.

WARNING: This article was published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/08/06/royal-bank-of-canada-raises-allied-properties-real-estate-investment-tseap-un-price-target-to-c42-00.html.

About Allied Properties Real Estate Investment

Allied Properties Real Estate Investment Trust is a closed-end real estate investment trust (REIT). The Trust is an owner, manager and developer of urban office properties. The Trust operates in nine urban markets in Canada: Toronto, Kitchener, Ottawa, Montreal, Quebec City, Winnipeg, Calgary, Edmonton and Vancouver.

Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)

Receive News & Ratings for Allied Properties Real Estate Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Properties Real Estate Investment and related companies with MarketBeat.com's FREE daily email newsletter.