Allied Properties Real Estate Investment (TSE:AP.UN) had its price target lifted by CIBC from C$42.00 to C$44.00 in a report issued on Friday.

A number of other equities analysts also recently issued reports on AP.UN. Desjardins increased their price target on Allied Properties Real Estate Investment from C$43.00 to C$46.00 in a research report on Friday. National Bank Financial increased their price target on Allied Properties Real Estate Investment from C$42.50 to C$44.25 and gave the stock an outperform rating in a research report on Tuesday. BMO Capital Markets reiterated a market perform rating and set a C$41.00 price target (up previously from C$40.00) on shares of Allied Properties Real Estate Investment in a research report on Thursday, August 24th. Scotiabank increased their price target on Allied Properties Real Estate Investment from C$41.00 to C$42.50 and gave the stock an outperform rating in a research report on Thursday, October 26th. Finally, Raymond James Financial, Inc. lowered their price target on Allied Properties Real Estate Investment from C$45.00 to C$40.00 and set an outperform rating on the stock in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of C$42.47.

Shares of Allied Properties Real Estate Investment (AP.UN) traded down C$0.30 during mid-day trading on Friday, reaching C$41.40. The company’s stock had a trading volume of 222,048 shares, compared to its average volume of 147,186. Allied Properties Real Estate Investment has a 52 week low of C$32.37 and a 52 week high of C$41.88.

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About Allied Properties Real Estate Investment

Allied Properties Real Estate Investment Trust is a closed-end real estate investment trust (REIT). The Trust is an owner, manager and developer of urban office properties. The Trust operates in nine urban markets in Canada: Toronto, Kitchener, Ottawa, Montreal, Quebec City, Winnipeg, Calgary, Edmonton and Vancouver.

Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)

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