Chartwell Retirement Residences (OTCMKTS:CWSRF) Shares Down 1.7% – Here’s What Happened

Shares of Chartwell Retirement Residences (OTCMKTS:CWSRF) dropped 1.7% during trading on Friday . The company traded as low as $15.99 and last traded at $15.99. Approximately 2,972 shares were traded during mid-day trading, a decline of 78% from the average daily 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 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 company has a consensus rating of “Buy”.

Chartwell Retirement Residences Stock Down 1.7%

The business has a 50 day simple moving average of $15.10 and a 200-day simple moving average of $14.34.

About Chartwell Retirement Residences

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.