Allied Properties Real Estate Investment (TSE:AP.UN) Hits New 12-Month Low at $24.30
Shares of Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) reached a new 52-week low on Wednesday . The company traded as low as C$24.30 and last traded at C$24.51, with a volume of 63325 shares. The stock had previously closed at C$24.73.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on AP.UN. Raymond James decreased their target price on Allied Properties Real Estate Investment from C$38.50 to C$36.50 and set an “outperform” rating on the stock in a research report on Friday, February 3rd. CIBC decreased their target price on Allied Properties Real Estate Investment from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Thursday, February 2nd. Finally, TD Securities lifted their price objective on Allied Properties Real Estate Investment from C$31.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. One equity research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Allied Properties Real Estate Investment currently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.34.
