Canadian Apartment (CAR.UN) Receives a Hold from GMP FirstEnergy


Canadian Apartment (CAR.UN), the Financial sector company, has received a rating update from a Wall Street analyst yesterday. The company received a Hold rating from GMP FirstEnergy’s analyst Himanshu Gupta, CFA, with a C$50.50 price target.

CFA has an average return of 20.4% when recommending Canadian Apartment.

According to TipRanks.com, CFA is ranked #1961 out of 5215 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Apartment with a C$49.70 average price target.

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 377K.

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.

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