Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Expected to Rise, CIBC Analyst Says

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target hoisted by stock analysts at CIBC from C$12.75 to C$13.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 7.00% from the stock’s previous close.

A number of other analysts have also recently commented on APR.UN. Canaccord Genuity Group upped their target price on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the company a “buy” rating in a report on Monday, September 16th. BMO Capital Markets upped their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th. Raymond James boosted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a report on Friday, September 6th. Royal Bank of Canada raised their price objective on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. Finally, TD Securities boosted their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a “hold” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Automotive Properties Real Est Invt TR currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.94.

Automotive Properties Real Est Invt TR Trading Down 1.4 %

Automotive Properties Real Est Invt TR stock opened at C$12.15 on Friday. Automotive Properties Real Est Invt TR has a 52-week low of C$9.69 and a 52-week high of C$12.78. The company has a market cap of C$595.96 million, a P/E ratio of 7.99 and a beta of 0.92. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The business has a 50-day simple moving average of C$12.30 and a two-hundred day simple moving average of C$10.97.

About Automotive Properties Real Est Invt TR

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 54 income-producing commercial properties and one development property, representing approximately two million square feet of gross leasable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Québec.