Chartwell Retirement Residences (TSE:CSH.UN) Price Target Raised to C$26.00

Chartwell Retirement Residences (TSE:CSH.UN) had its price target lifted by investment analysts at Royal Bank Of Canada from C$22.00 to C$26.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 17.65% from the stock’s previous close.

CSH.UN has been the subject of several other reports. ATB Cormark Capital Markets lifted their target price on Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the company an “outperform” rating in a research report on Monday. Canadian Imperial Bank of Commerce boosted their target price on Chartwell Retirement Residences from C$21.00 to C$22.00 in a research note on Tuesday, November 11th. Scotiabank upped their price target on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday. BMO Capital Markets lifted their price objective on Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Canaccord Genuity Group boosted their price objective on Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the stock a “buy” rating in a research report on Monday. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, Chartwell Retirement Residences has an average rating of “Buy” and a consensus price target of C$24.94.

Chartwell Retirement Residences Trading Down 0.5%

Shares of TSE CSH.UN traded down C$0.12 during trading on Monday, reaching C$22.10. The stock had a trading volume of 277,896 shares, compared to its average volume of 382,337. Chartwell Retirement Residences has a fifty-two week low of C$15.59 and a fifty-two week high of C$23.21. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The business’s 50-day moving average price is C$20.95 and its 200-day moving average price is C$20.16. The company has a market cap of C$6.72 billion, a P/E ratio of 257.77 and a beta of 0.72.

About Chartwell Retirement Residences

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.