Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) had its price target increased by research analysts at Desjardins from $42.00 to $45.00 in a report issued on Monday, The Fly reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price target points to a potential upside of 27.33% from the company’s current price.
Other analysts have also recently issued reports about the company. National Bank Financial reissued an “outperform” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Friday, January 22nd. Scotiabank decreased their target price on shares of Allied Properties Real Estate Investment Trust from $48.00 to $47.50 and set an “outperform” rating for the company in a research note on Monday, February 8th. Finally, CIBC raised their price target on Allied Properties Real Estate Investment Trust from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, February 5th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Allied Properties Real Estate Investment Trust currently has an average rating of “Buy” and a consensus price target of $45.83.
Shares of OTCMKTS:APYRF opened at $35.34 on Monday. The firm’s 50 day simple moving average is $33.43 and its 200 day simple moving average is $30.43. Allied Properties Real Estate Investment Trust has a fifty-two week low of $23.63 and a fifty-two week high of $35.85.
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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