Canadian Apartment (CAR.UN), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Mario Saric from Scotiabank reiterated a Hold rating, with a C$49.50 price target.
According to TipRanks.com, Saric is a 3-star analyst with an average return of 3.0% and a 58.1% success rate. Saric covers the Financial sector, focusing on stocks such as NorthWest Healthcare Properties REIT, Brookfield Property Partners, and Brookfield Asset Mng.
Currently, the analyst consensus on Canadian Apartment is a Moderate Buy with an average price target of C$49.91, representing a 12.9% upside. In a report issued on January 7, CIBC also maintained a Hold rating on the stock with a C$49 price target.
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Canadian Apartment’s market cap is currently C$6.38B and has a P/E ratio of 7.2. The company has a Price to Book ratio of 1.15.
Canadian Apartment Properties Real Estate Investment Trust owns and operates a portfolio of multi-unit residential rental properties, including apartments, townhomes and manufactured home communities located in and near major urban centers across Canada.
The company’s shares closed on Tuesday at C$44.19.
