Canadian Apartment (CAR.UN) Receives a Hold from CIBC


Today, an analyst has provided a rating update for Canadian Apartment (CAR.UN). Analyst Dean Wilkinson from CIBC rated Canadian Apartment (CAR.UN) a Hold, setting a C$49 price target.

Wilkinson has an average return of 18.0% when recommending Canadian Apartment.

According to TipRanks.com, Wilkinson is ranked #258 out of 5120 analysts.

Currently, the analyst consensus on Canadian Apartment is a Moderate Buy with an average price target of C$49.91, which is a 13.9% upside from current levels. In a report released today, National Bank also maintained a Hold rating on the stock with a C$47 price target.

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Canadian Apartment’s market cap is currently C$6.25B and has a P/E ratio of 7.2. The company has a Price to Book ratio of 1.13.

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$43.80.

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