National Bankshares Raises Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target to C$20.00

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target lifted by investment analysts at National Bankshares from C$18.00 to C$20.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. National Bankshares’ price objective would indicate a potential upside of 2.62% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. Canaccord Genuity Group lifted their price target on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a “hold” rating in a report on Monday, September 23rd. Scotiabank lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Raymond James lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a report on Friday, September 6th. Finally, Desjardins lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a “hold” rating for the company in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$19.67.

Allied Properties Real Estate Investment Trust Stock Performance

TSE:AP.UN opened at C$19.49 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The firm has a 50-day moving average price of C$18.01 and a two-hundred day moving average price of C$17.26. Allied Properties Real Estate Investment Trust has a twelve month low of C$15.01 and a twelve month high of C$21.35. The company has a market capitalization of C$2.49 billion, a P/E ratio of -5.28 and a beta of 1.26.

Allied Properties Real Estate Investment Trust Company Profile

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.