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Chartwell Retirement Residences (TSE:CSH.UN) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Chartwell Retirement Residences logo with Real Estate background

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report)'s share price 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.

Analysts Set New Price Targets

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

View Our Latest Report on CSH.UN

Chartwell Retirement Residences Stock Performance

The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The firm has a market capitalization of C$4.93 billion, a price-to-earnings ratio of -106.82 and a beta of 1.12. The company has a 50-day moving average of C$17.67 and a 200-day moving average of C$16.62.

About Chartwell Retirement Residences

(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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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