Raymond James Lowers Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target to C$16.00

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective lowered by research analysts at Raymond James from C$16.50 to C$16.00 in a note issued to investors on Monday,BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 23.17% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Canaccord Genuity Group raised their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the stock a “buy” rating in a research report on Monday, September 16th. CIBC raised their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Friday, November 8th. BMO Capital Markets upped their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th. Finally, National Bankshares set a C$15.50 price target on shares of Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Performance

CHP.UN stock opened at C$12.99 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. 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 market cap of C$4.26 billion, a P/E ratio of 14.60 and a beta of 0.67. The stock’s fifty day moving average price is C$13.68 and its 200-day moving average price is C$14.01.

About Choice Properties Real Est Invstmnt Trst

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick.