Allied Properties Real Estate Investment (TSE:AP.UN) Price Target Lowered to C$20.00 at TD Securities

Allied Properties Real Estate Investment (TSE:AP.UN) had its price objective reduced by investment analysts at TD Securities from C$21.00 to C$20.00 in a report released on Wednesday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 17.16% from the company’s current price.

A number of other analysts have also commented on AP.UN. Desjardins lowered their target price on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a “hold” rating for the company in a report on Friday, February 2nd. CIBC lowered their target price on shares of Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a report on Wednesday, March 13th. Canaccord Genuity Group lowered their target price on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a “buy” rating for the company in a report on Thursday, February 1st. Royal Bank of Canada lowered their target price on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, February 2nd. Finally, National Bankshares lowered their target price on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.00 and set an “outperform” rating for the company in a report on Sunday, February 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$20.22.

Allied Properties Real Estate Investment Stock Performance

AP.UN stock opened at C$17.07 on Wednesday. The company has a debt-to-equity ratio of 60.48, a current ratio of 0.73 and a quick ratio of 0.12. The company has a 50 day moving average price of C$17.43 and a 200 day moving average price of C$18.10. Allied Properties Real Estate Investment has a fifty-two week low of C$15.01 and a fifty-two week high of C$24.42. The stock has a market capitalization of C$2.18 billion, a PE ratio of -4.33 and a beta of 1.16.

Allied Properties Real Estate Investment Company Profile

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.