Scotiabank Forecasts Strong Price Appreciation for Chartwell Retirement Residences (TSE:CSH.UN) Stock

Key Points

• Scotiabank has raised its price target for Chartwell Retirement Residences from C$20.00 to C$22.00, indicating a potential upside of 20.15% from the company's previous close.
• Other analysts have mixed ratings, with TD Securities lowering their target to C$21.00 while BMO Capital Markets and Desjardins have increased theirs to C$21.00 and C$22.00, respectively.
• The stock is currently trading at C$18.31, reflecting a 0.4% decrease, and has a market capitalization of C$4.97 billion.

Chartwell Retirement Residences (TSE:CSH.UN - Free Report) had its price target hoisted by Scotiabank from C$20.00 to C$22.00 in a research note published on Monday morning,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. Desjardins increased their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a "buy" rating in a research note on Monday. TD Securities dropped their target price on shares of Chartwell Retirement Residences from C$22.00 to C$21.00 and set a "buy" rating for the company in a research report on Monday. BMO Capital Markets increased their target price on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research report on Monday, May 12th. Finally, Royal Bank Of Canada increased their target price on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a research report on Monday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Chartwell Retirement Residences currently has an average rating of "Buy" and an average price target of C$21.07.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN stock traded up C$0.06 during mid-day trading on Monday, reaching C$18.22. The company's stock had a trading volume of 649,379 shares, compared to its average volume of 407,651. Chartwell Retirement Residences has a 1-year low of C$14.39 and a 1-year high of C$18.79. The company has a market cap of C$4.94 billion, a P/E ratio of -107.18 and a beta of 1.12. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The firm's 50-day moving average is C$18.08 and its two-hundred day moving average is C$17.34.

Chartwell Retirement Residences Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. Chartwell Retirement Residences's payout ratio is currently -358.82%.

About Chartwell Retirement Residences

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.