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Chartwell Retirement Residences (TSE:CSH.UN) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Chartwell Retirement Residences logo with Real Estate background

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.62 and traded as high as C$18.19. Chartwell Retirement Residences shares last traded at C$18.16, with a volume of 659,693 shares changing hands.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on Chartwell Retirement Residences

Chartwell Retirement Residences Stock Performance

The business has a 50-day moving average of C$17.71 and a two-hundred day moving average of C$16.64. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The company has a market cap of C$4.87 billion, a P/E ratio of -105.65 and a beta of 1.12.

Chartwell Retirement Residences Company Profile

(Get Free Report)

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.

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