Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has received an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$15.81.

A number of analysts have recently weighed in on CHP.UN shares. National Bankshares set a C$15.50 target price on Choice Properties Real Est Invstmnt Trst and gave the company a “sector perform” rating in a research report on Friday, December 20th. 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. Finally, Raymond James lowered their target price on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research note on Monday, January 13th.

Choice Properties Real Est Invstmnt Trst Trading Down 0.2 %

Shares of Choice Properties Real Est Invstmnt Trst stock opened at C$12.86 on Friday. The stock has a market cap of C$4.22 billion, a PE ratio of 14.45 and a beta of 0.67. Choice Properties Real Est Invstmnt Trst has a 52-week low of C$12.42 and a 52-week high of C$15.33. 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 50-day moving average of C$13.52 and a 200-day moving average of C$14.01.

Choice Properties Real Est Invstmnt Trst Company Profile

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.