Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Expected to Rise, CIBC Analyst Says

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price raised by analysts at CIBC from C$12.75 to C$13.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 6.30% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th. TD Securities raised their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a “hold” rating in a report on Friday. Canaccord Genuity Group raised their target price on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a “buy” rating in a report on Monday, September 16th. BMO Capital Markets raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th. Finally, Raymond James raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Automotive Properties Real Est Invt TR presently has an average rating of “Moderate Buy” and an average price target of C$12.94.

Automotive Properties Real Est Invt TR Price Performance

Shares of Automotive Properties Real Est Invt TR stock traded down C$0.09 on Friday, hitting C$12.23. The company had a trading volume of 12,315 shares, compared to its average volume of 24,164. The business has a 50-day simple moving average of C$12.29 and a 200-day simple moving average of C$10.96. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The company has a market cap of C$599.88 million, a PE ratio of 8.05 and a beta of 0.92. Automotive Properties Real Est Invt TR has a 52 week low of C$9.69 and a 52 week high of C$12.78.

About Automotive Properties Real Est Invt TR

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 54 income-producing commercial properties and one development property, representing approximately two million square feet of gross leasable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Québec.