Royal Bank Raises APR.UN Price Target to C$13.50

Royal Bank of Canada has increased its price target for Automotive Properties Real Estate Investment Trust (TSE:APR.UN) from C$13.00 to C$13.50 in a recent research note.

The brokerage currently has an 'outperform' rating on the stock, which points to a potential upside of 11.29% from the company's current price.

This is not the only analyst to raise their target for APR.UN recently, as TD increased its target price from C$12.50 to C$13.00 and gave the stock a 'hold' rating in a research report on Friday, May 15th.