Analysts Set Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Target Price at C$15.81

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$15.81.

A number of equities analysts recently commented on the company. BMO Capital Markets raised their target price on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th. CIBC raised their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Friday, November 8th. Scotiabank boosted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Canaccord Genuity Group increased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, Desjardins lifted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Monday, July 22nd.

Choice Properties Real Est Invstmnt Trst Stock Down 0.4 %

CHP.UN opened at C$13.91 on Friday. The firm’s 50 day simple moving average is C$14.71 and its two-hundred day simple moving average is C$13.80. The company has a market capitalization of C$4.56 billion, a PE ratio of 15.63 and a beta of 0.67. Choice Properties Real Est Invstmnt Trst has a 1-year low of C$12.42 and a 1-year high of C$15.33. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71.

Choice Properties Real Est Invstmnt Trst Company Profile

Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high quality portfolio comprising 756 properties totaling 67.7 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominantly leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an unmatched development pipeline.