Canadian Apartment (CAR.UN) Gets a Hold Rating from Scotiabank


The Financial sector company, Canadian Apartment (CAR.UN), has received a rating update from a Wall Street analyst on November 8. Analyst Mario Saric from Scotiabank remains neutral on the stock and has a C$49.25 price target.

According to TipRanks.com, Saric is ranked #1330 out of 4883 analysts.

Canadian Apartment has an analyst consensus of Moderate Buy, with a price target consensus of C$49.91, a 5.1% upside from current levels. In a report issued on November 1, National Bank also maintained a Hold rating on the stock with a C$46 price target.

.

Canadian Apartment’s market cap is currently C$6.85B and has a P/E ratio of 7.7. The company has a Price to Book ratio of 1.24.

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 Monday at C$47.49, close to its 52-week high of C$49.45.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts