In a new note to investors yesterday, an analyst has provided a rating update for the Financial sector company, Canadian Apartment (CAR.UN). Analyst Jonathan Kelcher from TD Securities reiterated a Hold rating, with a C$51 price target.
Kelcher has an average return of 21.6% when recommending Canadian Apartment.
According to TipRanks.com, Kelcher is ranked #952 out of 4918 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Canadian Apartment with a C$48.86 average price target, a 3.2% upside from current levels. 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 217.8K.
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 Wednesday at C$47.33, close to its 52-week high of C$49.45.
