Chartwell Retirement Residences (TSE:CSH.UN) Given New C$27.00 Price Target at Desjardins

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective upped by equities research analysts at Desjardins from C$26.00 to C$27.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 27.48% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. National Bank Financial boosted their price target on shares of Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the company an “outperform” rating in a report on Monday. TD upped their price objective on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Monday. Scotiabank upped their price objective on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Canaccord Genuity Group upped their price objective on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, BMO Capital Markets upped their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$25.82.

Chartwell Retirement Residences Stock Down 2.1%

Shares of Chartwell Retirement Residences stock traded down C$0.45 on Monday, hitting C$21.18. 344,489 shares of the company traded hands, compared to its average volume of 405,577. The company has a 50-day moving average price of C$21.05 and a 200 day moving average price of C$20.75. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. Chartwell Retirement Residences has a 12-month low of C$17.20 and a 12-month high of C$23.21. The company has a market cap of C$6.87 billion, a PE ratio of -33,512.66 and a beta of 0.82.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.05 EPS for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The business had revenue of C$314.65 million for the quarter. Sell-side analysts predict that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current year.

About Chartwell Retirement Residences

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.