Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given New C$15.50 Price Target at CIBC

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective raised by CIBC from C$15.00 to C$15.50 in a research note released on Friday morning,BayStreet.CA reports.

Several other research firms have also weighed in on CHP.UN. BMO Capital Markets increased their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th. 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 report on Wednesday, September 4th. Scotiabank upped their price objective on 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. Canaccord Genuity Group lifted their price target 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, Raymond James boosted their target price 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Choice Properties Real Est Invstmnt Trst currently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.81.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of TSE:CHP.UN opened at C$13.96 on Friday. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. The firm has a market cap of C$4.58 billion, a price-to-earnings ratio of 15.69 and a beta of 0.67. The firm has a fifty day moving average price of C$14.73 and a 200 day moving average price of C$13.79. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$12.42 and a fifty-two week high of C$15.33.

About Choice Properties Real Est Invstmnt Trst

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.