Yesterday, an analyst has provided a rating update for the Financial sector company, Canadian Apartment (CAR.UN). Analyst Ken Avalos from Raymond James rated Canadian Apartment (CAR.UN) a Buy, setting a C$52 price target.
Avalos has an average return of 16.8% when recommending Canadian Apartment.
According to TipRanks.com, Avalos is ranked #1350 out of 5127 analysts.
Canadian Apartment has an analyst consensus of Moderate Buy, with a price target consensus of C$49.91, implying a 14.0% upside from current levels. In a report issued on January 4, Canaccord Genuity also upgraded the stock to Buy with a C$51 price target.
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Canadian Apartment’s market cap is currently C$6.32B and has a P/E ratio of 7.2. The company has a Price to Book ratio of 1.14.
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$43.78.
