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.
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.