Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Price Target Raised to $47.00


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Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) had its target price increased by research analysts at CIBC from $44.00 to $47.00 in a report released on Monday, The Fly reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective indicates a potential upside of 32.99% from the stock’s current price.

Other analysts have also recently issued research reports about the company. National Bank Financial reiterated an “outperform” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Friday, January 22nd. Scotiabank dropped their price objective on Allied Properties Real Estate Investment Trust from $48.00 to $47.50 and set an “outperform” rating for the company in a research report on Monday, February 8th. Finally, Desjardins lifted their price objective on Allied Properties Real Estate Investment Trust from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $45.83.

OTCMKTS:APYRF opened at $35.34 on Monday. Allied Properties Real Estate Investment Trust has a 52-week low of $23.63 and a 52-week high of $35.85. The stock has a fifty day simple moving average of $33.43 and a 200-day simple moving average of $30.43.

Allied Properties Real Estate Investment Trust 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.

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Analyst Recommendations for Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF)

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