Chartwell Retirement Residences (TSE:CSH.UN) Sets New 1-Year High - What's Next?

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as C$18.55 and last traded at C$18.53, with a volume of 208475 shares. The stock had previously closed at C$18.29.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CSH.UN. BMO Capital Markets raised their price objective on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research report on Monday, May 12th. CIBC upped their target price on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 in a research note on Monday, March 3rd. TD Securities boosted their price objective on Chartwell Retirement Residences from C$20.00 to C$21.00 in a research report on Monday, May 12th. Finally, Canaccord Genuity Group set a C$20.50 price target on Chartwell Retirement Residences and gave the stock a "buy" rating in a report on Thursday, April 3rd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Chartwell Retirement Residences presently has an average rating of "Buy" and a consensus target price of C$18.38.

Chartwell Retirement Residences Trading Down 2.2%

The company has a market capitalization of C$4.94 billion, a PE ratio of -107.06 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 business has a fifty day moving average price of C$17.17 and a 200 day moving average price of C$16.41.

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.