A Wall Street analyst has provided a rating update for the Financial sector company today, while remaining neutral on the stock. Canadian Apartment (CAR.UN) received a Hold rating from National Bank’s analyst Matt Kornack, with a C$47 price target.
According to TipRanks.com, Kornack is ranked #2877 out of 5108 analysts.
Canadian Apartment has an analyst consensus of Hold, with a price target consensus of C$49.89.
Canadian Apartment’s market cap is currently C$6.82B and has a P/E ratio of 7.7. The company has a Price to Book ratio of 1.23.
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$45.23.
