Canadian Apartment (TSX: CAR.UN), the Financial sector company, has received a rating update from a Wall Street analyst on August 13. On August 13, analyst Jonathan Kelcher gave a Hold rating to CAR.UN and set a C$48 price target.
Kelcher has an average return of 21.1% when recommending Canadian Apartment.
According to TipRanks.com, Kelcher is ranked #975 out of 4850 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Apartment with a C$46.82 average price target, implying a 0.5% upside from current levels. In a report issued on August 13, Canaccord Genuity also maintained a Hold rating on the stock with a C$49 price target.
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The company has a one-year high of C$46.97 and a one-year low of C$33.14. Currently, Canadian Apartment has an average volume of 274.6K.
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$46.58, close to its 52-week high of C$46.97.
