Allied Properties Real Estate Investment (TSE:AP.UN) Reaches New 52-Week Low at $29.58

Allied Properties Real Estate Investment (TSE:AP.UNGet Rating)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as C$29.58 and last traded at C$29.64, with a volume of 41965 shares traded. The stock had previously closed at C$30.64.

Analysts Set New Price Targets

AP.UN has been the topic of a number of analyst reports. BMO Capital Markets decreased their price target on Allied Properties Real Estate Investment from C$43.00 to C$42.00 in a research note on Friday, July 29th. Raymond James reduced their target price on Allied Properties Real Estate Investment from C$52.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. CIBC reduced their target price on Allied Properties Real Estate Investment from C$47.50 to C$43.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. Finally, Scotiabank reduced their target price on Allied Properties Real Estate Investment from C$47.25 to C$46.00 in a research note on Friday, July 29th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$47.78.

Allied Properties Real Estate Investment Stock Down 1.0 %

The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 56.99. The company has a market capitalization of C$3.72 billion and a P/E ratio of 6.86. The company has a 50-day moving average of C$32.46 and a two-hundred day moving average of C$37.72.

Allied Properties Real Estate Investment Company Profile

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Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada's major cities and (ii) network-dense urban data centres in Toronto that form Canada's hub for global connectivity. Allied's business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.

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