Canadian Apartment (CAR.UN) has received a rating update from a Wall Street analyst today. National Bank’s analyst Matt Kornack reiterates their Hold rating on the shares, with a C$47 price target.
According to TipRanks.com, Kornack is ranked #3457 out of 4912 analysts.
Canadian Apartment has an analyst consensus of Hold, with a price target consensus of C$49.64, representing a 4.5% upside. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a C$50 price target.
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Canadian Apartment’s market cap is currently C$6.85B and has a P/E ratio of 6.9. 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 Friday at C$47.52, close to its 52-week high of C$49.45.
