Chartwell Retirement Residences (TSE:CSH.UN) PT Raised to C$16.50

Chartwell Retirement Residences (TSE:CSH.UN) had its price target hoisted by equities research analysts at Scotiabank from C$15.50 to C$16.50 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 6.80% from the company’s current price.

A number of other equities analysts have also recently commented on CSH.UN. Royal Bank of Canada boosted their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. CIBC increased their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the stock an “outperform” rating in a report on Monday, August 12th. TD Securities lifted their price target on shares of Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Desjardins upped their price objective on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, National Bankshares raised their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$16.50.

Chartwell Retirement Residences Stock Up 0.5 %

Shares of CSH.UN stock opened at C$15.45 on Wednesday. The firm has a market capitalization of C$4.19 billion, a P/E ratio of -90.88 and a beta of 1.12. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. Chartwell Retirement Residences has a 1 year low of C$9.59 and a 1 year high of C$15.51. The firm’s fifty day moving average price is C$14.02 and its two-hundred day moving average price is C$13.04.

About Chartwell Retirement Residences

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.