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 price objective upped by Desjardins from C$12.00 to C$13.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' price target points to a potential upside of 12.65% from the stock's current price.

Separately, TD Securities lifted 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 Friday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Automotive Properties Real Est Invt TR presently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.50.

Automotive Properties Real Est Invt TR Price Performance

TSE APR.UN remained flat at C$11.54 on Monday. 24,375 shares of the company traded hands, compared to its average volume of 22,725. 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 company's 50-day moving average price is C$11.35 and its two-hundred day moving average price is C$10.69. The stock has a market capitalization of C$566.04 million, a P/E ratio of 7.59 and a beta of 0.92. Automotive Properties Real Est Invt TR has a 12 month low of C$9.04 and a 12 month high of C$12.78.

About Automotive Properties Real Est Invt TR

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.

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