Chartwell Retirement Residences (TSE:CSH.UN) Given New C$25.00 Price Target at ATB Cormark Capital Markets

Key Points

• ATB Cormark lowered Chartwell Retirement Residences’ price target to C$25.00 from C$25.50 while maintaining an “outperform” rating, implying approximately 17% upside from the prior close.
• Analyst sentiment remains positive: Chartwell has a consensus “Buy” rating and an average price target of C$25.77, with other firms setting targets as high as C$27.00.
• Shares rose 1.0% to C$21.37 in Wednesday trading. The company reported quarterly revenue of C$336.74 million and earnings of approximately C$0.00 per share.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) had its price target decreased by investment analysts at ATB Cormark Capital Markets from C$25.50 to C$25.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. ATB Cormark Capital Markets' price target indicates a potential upside of 16.99% from the company's previous close.

CSH.UN has been the subject of a number of other reports. BMO Capital Markets increased their target price 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, May 11th. TD boosted their price target on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a "buy" rating in a report on Monday, May 11th. Royal Bank Of Canada upped their price target on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research report on Monday, May 11th. National Bank Financial increased their price objective on Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an "outperform" rating in a report on Monday, May 11th. Finally, Raymond James Financial increased their price objective on Chartwell Retirement Residences from C$24.50 to C$25.00 and gave the stock a "strong-buy" rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$25.77.

Chartwell Retirement Residences Trading Up 1.0%

TSE:CSH.UN traded up C$0.22 during midday trading on Wednesday, reaching C$21.37. 718,749 shares of the stock traded hands, compared to its average volume of 428,124. The stock has a market capitalization of C$7.02 billion, a P/E ratio of -33,813.29 and a beta of 0.85. 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 company has a fifty day moving average of C$22.18 and a 200 day moving average of C$21.43. Chartwell Retirement Residences has a 12 month low of C$17.90 and a 12 month high of C$23.38.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C($0.00) earnings per share (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$336.74 million for the quarter. On average, research analysts predict that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

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.

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