Royal Bank of Canada Increases Chartwell Retirement Residences (TSE:CSH.UN) Price Target to C$14.00

Chartwell Retirement Residences (TSE:CSH.UN) had its target price increased by analysts at Royal Bank of Canada from C$12.50 to C$14.00 in a report released on Thursday, Analyst Ratings Network reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 6.87% from the company’s current price.

A number of other brokerages have also commented on CSH.UN. Canaccord Genuity raised their target price on shares of Chartwell Retirement Residences from C$11.50 to C$12.00 in a research report on Monday, March 8th. National Bankshares lifted their price objective on shares of Chartwell Retirement Residences from C$13.50 to C$14.50 and gave the company an “outperform” rating in a report on Tuesday. BMO Capital Markets lifted their price objective on shares of Chartwell Retirement Residences from C$12.00 to C$13.50 in a report on Tuesday. Scotiabank lifted their price objective on shares of Chartwell Retirement Residences from C$13.25 to C$14.00 in a report on Monday, May 10th. Finally, National Bank Financial lifted their price objective on shares of Chartwell Retirement Residences from C$13.50 to C$14.50 and gave the company an “outperform” rating in a report on Tuesday. Five investment analysts have rated the stock with a buy rating, Chartwell Retirement Residences presently has an average rating of “Buy” and an average target price of C$13.63.

Shares of TSE:CSH.UN opened at C$13.10 on Thursday. The firm has a market cap of C$2.78 billion and a PE ratio of 187.14. The firm’s 50 day simple moving average is C$12.29 and its 200-day simple moving average is C$11.40. Chartwell Retirement Residences has a one year low of C$7.76 and a one year high of C$13.11. The company has a debt-to-equity ratio of 346.26, a quick ratio of 0.27 and a current ratio of 0.32.

About Chartwell Retirement Residences

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.

Recommended Story: Why investors pay attention to retained earnings

Analyst Recommendations for Chartwell Retirement Residences (TSE:CSH.UN)

Receive News & Ratings for Chartwell Retirement Residences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chartwell Retirement Residences and related companies with MarketBeat.com's FREE daily email newsletter.