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RBC Capital Maintains a Hold Rating on Canadian Apartment (CAR.UN)


Canadian Apartment (CAR.UN), the Financial sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Neil Downey from RBC Capital reiterated a Hold rating, with a C$50 price target.

Downey has an average return of 16.4% when recommending Canadian Apartment.

According to TipRanks.com, Downey is ranked #526 out of 4918 analysts.

Currently, the analyst consensus on Canadian Apartment is a Hold with an average price target of C$49.53, representing a 4.3% upside. In a report issued on November 1, National Bank also maintained a Hold rating on the stock with a C$46 price target.

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The company has a one-year high of C$49.45 and a one-year low of C$34.43. Currently, Canadian Apartment has an average volume of 220.3K.

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 Thursday at C$47.48, close to its 52-week high of C$49.45.