Canaccord Genuity Group Increases Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target to C$16.50

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price hoisted by analysts at Canaccord Genuity Group from C$15.00 to C$16.50 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Canaccord Genuity Group’s price objective suggests a potential upside of 9.05% from the stock’s previous close.

Several other research analysts have also weighed in on CHP.UN. TD Securities increased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Scotiabank increased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Desjardins increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research report on Monday, July 22nd. BMO Capital Markets increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, Raymond James increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.69.

Choice Properties Real Est Invstmnt Trst Trading Down 0.2 %

Shares of CHP.UN stock opened at C$15.13 on Monday. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. The firm has a market cap of C$4.96 billion, a PE ratio of 17.00 and a beta of 0.66. The company has a 50-day moving average of C$14.28 and a two-hundred day moving average of C$13.53. Choice Properties Real Est Invstmnt Trst has a 1-year low of C$11.79 and a 1-year high of C$15.33.

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.