Automotive Properties Real Est Invt TR (TSE:APR.UN) Given New C$13.00 Price Target at Desjardins

Key Points

• Desjardins raised the price target for Automotive Properties Real Estate Investment Trust from C$12.00 to C$13.00, suggesting a potential upside of 12.65% from the current stock price.
• TD Securities also increased their price objective from C$11.00 to C$12.00, currently rating the stock as a "hold".
• The consensus rating for Automotive Properties Real Estate Investment Trust is a "Moderate Buy" with an average price target of C$12.50.

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) had its target price boosted by Desjardins from C$12.00 to C$13.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price target points to a potential upside of 9.34% from the stock's previous close.

Separately, TD Securities lifted their price target on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a "hold" rating in a report on Friday, August 15th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$12.50.

Automotive Properties Real Est Invt TR Price Performance

APR.UN traded up C$0.18 during trading on Monday, hitting C$11.89. The company's stock had a trading volume of 30,638 shares, compared to its average volume of 22,798. 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 stock has a market capitalization of C$583.20 million, a price-to-earnings ratio of 7.82 and a beta of 0.92. The firm's 50 day moving average price is C$11.40 and its two-hundred day moving average price is C$10.73. Automotive Properties Real Est Invt TR has a 12 month low of C$9.04 and a 12 month high of C$12.78.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec.