Chartwell Retirement Residences (TSE:CSH.UN) Price Target Raised to C$25.50 at ATB Cormark Capital Markets

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective increased by ATB Cormark Capital Markets from C$25.00 to C$25.50 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price suggests a potential upside of 15.38% from the stock’s previous close.

A number of other analysts also recently commented on CSH.UN. Canaccord Genuity Group raised their price objective on Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the stock a “buy” rating in a research report on Monday. Desjardins raised their target price on Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday. TD Securities boosted their price target on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a report on Monday. Scotiabank increased their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday. Finally, BMO Capital Markets lifted their target price on shares of Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research report on Monday. Eight equities 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” and a consensus price target of C$24.94.

Chartwell Retirement Residences Stock Performance

Shares of TSE CSH.UN traded down C$0.12 during mid-day trading on Monday, hitting C$22.10. The company had a trading volume of 277,896 shares, compared to its average volume of 382,337. Chartwell Retirement Residences has a 12 month low of C$15.59 and a 12 month high of C$23.21. The firm has a market cap of C$6.72 billion, a P/E ratio of 257.77 and a beta of 0.72. The business’s 50-day simple moving average is C$20.95 and its 200-day simple moving average is C$20.16. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

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.