Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$13.50 at Canaccord Genuity Group

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target upped by research analysts at Canaccord Genuity Group from C$12.60 to C$13.50 in a report issued on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 11.48% from the company’s previous close.

A number of other research firms also recently issued reports on APR.UN. TD Securities increased their price objective on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Raymond James increased their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. BMO Capital Markets increased their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research note on Monday, August 19th. Finally, Royal Bank of Canada increased their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR currently has a consensus rating of “Moderate Buy” and an average target price of C$12.71.

Automotive Properties Real Est Invt TR Price Performance

APR.UN opened at C$12.11 on Monday. The stock has a fifty day simple moving average of C$10.81 and a two-hundred day simple moving average of C$10.33. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The company has a market cap of C$594.00 million, a price-to-earnings ratio of 7.97 and a beta of 0.90. Automotive Properties Real Est Invt TR has a 12-month low of C$9.69 and a 12-month high of C$12.59.

Automotive Properties Real Est Invt TR Company Profile

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.