Desjardins Issues Positive Forecast for Chartwell Retirement Residences (TSE:CSH.UN) Stock Price

Key Points

• Desjardins analysts have raised the price target for Chartwell Retirement Residences from C$21.00 to C$22.00, indicating a potential upside of 20.15% from its previous close.
• TD Securities and BMO Capital Markets have also increased their target prices for the stock to C$21.00, reflecting a growing consensus of a "buy" rating among analysts.
• Despite the positive price forecast, shares of Chartwell Retirement Residences experienced a slight decline of 0.4% on Monday, trading at C$18.31.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) had its price target increased by Desjardins from C$21.00 to C$22.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' price objective would suggest a potential upside of 19.37% from the stock's previous close.

Several other research analysts have also commented on CSH.UN. BMO Capital Markets boosted their price objective on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research note on Monday, May 12th. TD Securities boosted their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 in a research note on Monday, May 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$21.07.

Chartwell Retirement Residences Price Performance

Shares of TSE:CSH.UN traded up C$0.27 on Monday, reaching C$18.43. The company's stock had a trading volume of 107,309 shares, compared to its average volume of 404,060. Chartwell Retirement Residences has a 52-week low of C$14.39 and a 52-week high of C$18.79. The company has a market cap of C$5.00 billion, a P/E ratio of -108.41 and a beta of 1.12. The company has a 50-day simple moving average of C$18.08 and a 200 day simple moving average of C$17.33. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Chartwell Retirement Residences Company Profile

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.