Chartwell Retirement Residences (TSE:CSH.UN) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Chartwell Retirement Residences (TSE:CSH.UN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$19.99 and traded as high as C$22.07. Chartwell Retirement Residences shares last traded at C$21.88, with a volume of 977,416 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. TD Securities boosted their target price on shares of Chartwell Retirement Residences from C$22.00 to C$23.00 in a research report on Monday, November 10th. Scotiabank lifted their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 in a research note on Monday, November 10th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a report on Tuesday, November 11th. Finally, Canaccord Genuity Group increased their target price on shares of Chartwell Retirement Residences from C$21.00 to C$22.50 in a research report on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$22.44.

Chartwell Retirement Residences Stock Up 0.2%

The company has a market cap of C$6.65 billion, a P/E ratio of 255.21 and a beta of 0.72. The stock has a 50-day moving average of C$20.78 and a 200 day moving average of C$19.99. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

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.