Allied Properties Real Estate Investment (OTCMKTS:APYRF) Receives $50.08 Consensus Target Price from Brokerages

Allied Properties Real Estate Investment (OTCMKTS:APYRF) has received an average recommendation of “Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $50.08.

A number of brokerages recently issued reports on APYRF. TD Securities raised Allied Properties Real Estate Investment from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. BMO Capital Markets dropped their target price on Allied Properties Real Estate Investment from $53.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. CIBC lifted their target price on Allied Properties Real Estate Investment from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Canaccord Genuity raised Allied Properties Real Estate Investment from a “hold” rating to a “buy” rating and set a $51.50 target price on the stock in a research report on Friday, May 1st. Finally, Royal Bank of Canada dropped their target price on Allied Properties Real Estate Investment from $60.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st.

Allied Properties Real Estate Investment stock remained flat at $$30.65 during midday trading on Friday. The company had a trading volume of 50 shares, compared to its average volume of 2,455. The company’s fifty day moving average is $29.33 and its two-hundred day moving average is $35.28. Allied Properties Real Estate Investment has a 1-year low of $24.34 and a 1-year high of $43.25.

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

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