Allied Properties Real Estate Investment (OTCMKTS:APYRF) Receives $49.21 Consensus Price Target from Analysts

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Shares of Allied Properties Real Estate Investment (OTCMKTS:APYRF) have been assigned a consensus rating of “Buy” from the nine research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $49.21.

A number of analysts have weighed in on the company. Echelon Wealth Partners reaffirmed a “hold” rating and issued a $45.00 price target on shares of Allied Properties Real Estate Investment in a research report on Wednesday, August 12th. Scotiabank cut their price objective on Allied Properties Real Estate Investment from $55.00 to $53.50 and set an “outperform” rating for the company in a research report on Thursday, September 3rd. 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 cut their price objective on Allied Properties Real Estate Investment from $52.00 to $47.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Finally, Goldman Sachs Group began coverage on Allied Properties Real Estate Investment in a research report on Tuesday, September 1st. They set a “buy” rating for the company.

Shares of OTCMKTS:APYRF remained flat at $$27.36 on Monday. The company’s stock had a trading volume of 30 shares, compared to its average volume of 2,080. Allied Properties Real Estate Investment has a 12 month low of $24.34 and a 12 month high of $43.25. The company has a fifty day moving average of $28.86 and a 200-day moving average of $29.83.

Allied Properties Real Estate Investment 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 (OTCMKTS:APYRF)

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