BMO Capital Markets Analysts Give Chartwell Retirement Residences (CSH.UN) a C$16.00 Price Target
Chartwell Retirement Residences (TSE:CSH.UN) has been given a C$16.00 target price by equities researchers at BMO Capital Markets in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 7.74% from the company’s previous close.
Other equities analysts also recently issued reports about the company. National Bank Financial lifted their target price on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the company a “sector perform” rating in a research note on Wednesday, April 17th. Canaccord Genuity decreased their target price on Chartwell Retirement Residences from C$17.50 to C$17.25 and set a “buy” rating for the company in a research note on Tuesday, March 5th. TD Securities decreased their target price on Chartwell Retirement Residences from C$18.00 to C$17.50 and set a “buy” rating for the company in a research note on Monday, May 13th. Finally, CIBC lifted their target price on Chartwell Retirement Residences from C$15.75 to C$16.00 in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$16.50.
TSE:CSH.UN traded down C$0.09 during mid-day trading on Thursday, reaching C$14.85. The stock had a trading volume of 88,473 shares, compared to its average volume of 254,021. The company has a market capitalization of $3.15 billion and a price-to-earnings ratio of 96.43. Chartwell Retirement Residences has a 1-year low of C$14.43 and a 1-year high of C$16.50. The company has a debt-to-equity ratio of 221.52, a quick ratio of 0.12 and a current ratio of 0.17.
Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.
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