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

Chartwell Retirement Residences (TSE:CSH.UN) had its price target hoisted by research analysts at Scotiabank from C$25.00 to C$26.00 in a report released on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 17.65% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Canadian Imperial Bank of Commerce boosted their price target on Chartwell Retirement Residences from C$21.00 to C$22.00 in a research note on Tuesday, November 11th. TD Securities boosted their target price on Chartwell Retirement Residences from C$22.00 to C$23.00 in a research report on Monday, November 10th. Finally, Canaccord Genuity Group raised their price target on Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the company a “buy” rating in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$24.94.

Chartwell Retirement Residences Price Performance

CSH.UN stock traded down C$0.12 during trading on Monday, reaching C$22.10. 277,896 shares of the company were exchanged, compared to its average volume of 382,337. 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 stock’s 50 day moving average price is C$20.95 and its 200 day moving average price is C$20.16. Chartwell Retirement Residences has a 52-week low of C$15.59 and a 52-week high of C$23.21. The company has a market cap of C$6.72 billion, a P/E ratio of 257.77 and a beta of 0.72.

Chartwell Retirement Residences Company Profile

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.