Canadian Apartment (CAR.UN), the Financial sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Mario Saric from Scotiabank remains neutral on the stock and has a C$51 price target.
According to TipRanks.com, Saric is ranked #995 out of 5220 analysts.
Currently, the analyst consensus on Canadian Apartment is a Moderate Buy with an average price target of C$49.83, a 2.7% upside from current levels. In a report released yesterday, GMP FirstEnergy also reiterated a Hold rating on the stock with a C$50.50 price target.
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The company has a one-year high of C$49.45 and a one-year low of C$34.98. Currently, Canadian Apartment has an average volume of 378.9K.
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 Wednesday at C$48.53, close to its 52-week high of C$49.45.
