Desjardins Issues Positive Forecast for Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price raised by Desjardins from C$12.00 to C$13.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, TD Securities upped their target price on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, 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

Shares of APR.UN opened at C$11.59 on Monday. Automotive Properties Real Est Invt TR has a fifty-two week low of C$9.04 and a fifty-two week high of C$12.78. The firm’s 50-day simple moving average is C$11.36 and its two-hundred day simple moving average is C$10.69. The stock has a market cap of C$568.49 million, a PE ratio of 7.63 and a beta of 0.92. 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.