Allied Properties Real Estate Investment (TSE:AP.UN) had its price target upped by Desjardins from C$43.00 to C$46.00 in a research report issued on Friday. Desjardins’ price target indicates a potential upside of 11.11% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada upped their price target on shares of Allied Properties Real Estate Investment from C$42.00 to C$44.00 and gave the stock an “outperform” rating in a report on Thursday. Raymond James Financial, Inc. decreased their price target on shares of Allied Properties Real Estate Investment from C$45.00 to C$40.00 and set an “outperform” rating on the stock in a report on Tuesday, August 8th. Scotiabank upped their price target on shares of Allied Properties Real Estate Investment from C$39.50 to C$41.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. BMO Capital Markets reiterated 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. Finally, National Bank Financial upped their target price on shares of Allied Properties Real Estate Investment from C$42.50 to C$44.25 and gave the stock an “outperform” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$42.47.

Allied Properties Real Estate Investment (TSE AP.UN) traded down C$0.30 during trading on Friday, hitting C$41.40. 222,048 shares of the stock traded hands, compared to its average volume of 147,186. Allied Properties Real Estate Investment has a 52-week low of C$32.37 and a 52-week high of C$41.88.

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Allied Properties Real Estate Investment Company Profile

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)

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