Chartwell Retirement Residences (OTCMKTS:CWSRF) Stock Price Down 1.7% – Should You Sell?

Chartwell Retirement Residences (OTCMKTS:CWSRF) shares fell 1.7% during trading on Friday . The company traded as low as $15.99 and last traded at $15.99. 2,972 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 13,669 shares. The stock had previously closed at $16.26.

Analysts Set New Price Targets

Separately, Scotiabank reiterated an “outperform” rating on shares of Chartwell Retirement Residences in a report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Chartwell Retirement Residences presently has an average rating of “Buy”.

Chartwell Retirement Residences Price Performance

The stock’s 50 day moving average is $15.10 and its two-hundred day moving average is $14.35.

Chartwell Retirement Residences Company Profile

Chartwell Retirement Residences (OTCMKTS: CWSRF) is one of Canada’s largest providers of seniors housing, offering a range of retirement living options and care services. Headquartered in Mississauga, Ontario, the company develops, owns and operates retirement communities across multiple provinces, catering to the evolving needs of older adults seeking independent living, assisted living, memory care and long-term care.

The company’s portfolio includes more than 150 retirement residences that deliver hospitality-style services such as chef-prepared meals, housekeeping, dining and recreation programs.