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

Key Points

• Analysts at National Bankshares increased the target price for Automotive Properties Real Estate Investment Trust (TSE:APR.UN) from C$12.00 to C$12.50, indicating a potential upside of 12.61%.
• The stock received mixed ratings, with four analysts giving it a Buy rating and three a Hold rating, leading to a consensus rating of "Moderate Buy" and an average price target of C$12.47.
• Currently trading at C$11.10, the stock has a market cap of C$545.20 million and has seen a 12-month price range from C$9.04 to C$12.50.

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) had its target price boosted by analysts at National Bankshares from C$12.00 to C$12.50 in a report released on Friday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' target price points to a potential upside of 12.61% from the stock's current price.

A number of other research analysts have also recently issued reports on the company. Desjardins lifted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a "buy" rating in a report on Monday, August 18th. Scotiabank dropped their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a "sector perform" rating for the company in a report on Friday. Finally, TD Securities boosted 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, August 15th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.47.

Automotive Properties Real Est Invt TR Price Performance

Shares of TSE APR.UN traded up C$0.13 during midday trading on Friday, reaching C$11.10. 109,400 shares of the company traded hands, compared to its average volume of 26,250. The firm has a market cap of C$545.20 million, a PE ratio of 15.81 and a beta of 0.09. The stock's 50-day simple moving average is C$11.42 and its 200-day simple moving average is C$11.07. Automotive Properties Real Est Invt TR has a 12 month low of C$9.04 and a 12 month high of C$12.50. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24.

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.

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