Chartwell Retirement Residences (OTCMKTS:CWSRF) Stock Price Up 1.3% – Here’s Why

Chartwell Retirement Residences (OTCMKTS:CWSRF)’s stock price shot up 1.3% during trading on Tuesday . The stock traded as high as $15.15 and last traded at $15.15. 272,823 shares changed hands during trading, an increase of 1,414% from the average session volume of 18,015 shares. The stock had previously closed at $14.95.

Analysts Set New Price Targets

Several research firms recently commented on CWSRF. TD Securities reissued a “buy” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 11th. Royal Bank Of Canada reissued an “outperform” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 11th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Chartwell Retirement Residences Price Performance

The firm has a 50-day moving average price of $15.14 and a 200-day moving average price of $15.06.

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.