Allied Properties Real Estate Investment (TSE:AP.UN – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday after Raymond James lowered their price target on the stock from C$26.00 to C$19.50. The company traded as low as C$15.25 and last traded at C$15.26, with a volume of 50874 shares trading hands. The stock had previously closed at C$15.42.
Several other equities research analysts have also recently weighed in on AP.UN. Desjardins set a C$24.00 price objective on shares of Allied Properties Real Estate Investment and gave the stock a “hold” rating in a research report on Thursday, August 24th. CIBC cut their price objective on shares of Allied Properties Real Estate Investment from C$26.00 to C$21.00 in a research report on Thursday, October 19th. TD Securities cut their price objective on shares of Allied Properties Real Estate Investment from C$32.00 to C$27.00 in a research report on Wednesday, July 5th. Royal Bank of Canada cut their price objective on shares of Allied Properties Real Estate Investment from C$32.00 to C$27.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. Finally, National Bankshares cut their price objective on shares of Allied Properties Real Estate Investment from C$24.00 to C$19.00 and set an “outperform” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.07.
Read Our Latest Report on Allied Properties Real Estate Investment
Allied Properties Real Estate Investment Price Performance
About Allied Properties Real Estate Investment
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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