Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$13.00 at Scotiabank

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price hoisted by investment analysts at Scotiabank from C$12.50 to C$13.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 13.44% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets boosted their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research report on Monday, October 28th. Raymond James boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research report on Friday, September 6th. Canaccord Genuity Group lifted their price target on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a “buy” rating in a research note on Monday, September 16th. Royal Bank of Canada increased their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. Finally, TD Securities boosted their target price 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 report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR has a consensus rating of “Moderate Buy” and a consensus target price of C$12.94.

Automotive Properties Real Est Invt TR Trading Down 0.8 %

APR.UN opened at C$11.46 on Wednesday. The stock has a 50-day moving average of C$12.29 and a 200 day moving average of C$11.02. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. Automotive Properties Real Est Invt TR has a 12 month low of C$9.69 and a 12 month high of C$12.78. The firm has a market cap of C$562.11 million, a P/E ratio of 7.54 and a beta of 0.92.

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.