Allied Properties Real Estate Investment (TSE:AP.UN) had its target price raised by research analysts at Scotiabank from C$42.50 to C$43.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 3.86% from the stock’s previous close.

AP.UN has been the subject of several other reports. CIBC boosted their target price on shares of Allied Properties Real Estate Investment from C$38.50 to C$42.00 in a research report on Friday, August 4th. Royal Bank Of Canada boosted their target price on shares of Allied Properties Real Estate Investment from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Desjardins boosted their target price on shares of Allied Properties Real Estate Investment from C$43.00 to C$46.00 in a research report on Friday. National Bank Financial boosted their target price on shares of Allied Properties Real Estate Investment from C$42.50 to C$44.25 and gave the company an “outperform” rating in a research report on Tuesday. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$41.00 target price (up from C$40.00) on shares of Allied Properties Real Estate Investment in a research report on Thursday, August 24th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Allied Properties Real Estate Investment has an average rating of “Buy” and an average target price of C$42.47.

Shares of Allied Properties Real Estate Investment (TSE:AP.UN) traded down C$0.30 during trading on Friday, reaching C$41.40. 222,048 shares of the company’s stock traded hands, compared to its average volume of 147,186. Allied Properties Real Estate Investment has a twelve month low of C$32.37 and a twelve month high of C$41.88.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/04/allied-properties-real-estate-investment-ap-un-price-target-raised-to-c43-00.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.