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

Chartwell Retirement Residences (TSE:CSH.UN) had its target price boosted by equities researchers at BMO Capital Markets from C$25.00 to C$26.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 22.76% from the stock’s current price.

Several other brokerages also recently commented on CSH.UN. Canaccord Genuity Group lifted their target price on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Royal Bank Of Canada lifted their price objective on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Monday. National Bank Financial lifted their price objective on shares of Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an “outperform” rating in a research note on Monday. ATB Cormark Capital Markets lifted their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Finally, Scotiabank lifted their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$25.82.

Chartwell Retirement Residences Stock Performance

Shares of CSH.UN stock traded down C$0.45 during midday trading on Monday, hitting C$21.18. 344,489 shares of the company were exchanged, compared to its average volume of 405,577. The firm has a market capitalization of C$6.87 billion, a P/E ratio of -33,512.66 and a beta of 0.82. 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 firm’s 50 day moving average price is C$21.05 and its two-hundred day moving average price is C$20.75. Chartwell Retirement Residences has a 52 week low of C$17.20 and a 52 week high of C$23.21.

Chartwell Retirement Residences (TSE:CSH.UN) last announced its earnings results on Thursday, May 7th. The company reported C$0.05 EPS for the quarter. The business had revenue of C$314.65 million during the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. As a group, equities research analysts anticipate that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.

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.