Royal Bank Of Canada Forecasts Strong Price Appreciation for Chartwell Retirement Residences (TSE:CSH.UN) Stock

Key Points

• Royal Bank of Canada raised its price target for Chartwell Retirement Residences from C$20.00 to C$21.00, indicating a potential upside of 14.69% from the previous close.
• Desjardins and BMO Capital Markets also increased their price targets for the stock, with Desjardins setting a target of C$22.00, while TD Securities lowered theirs to C$21.00, maintaining a "buy" rating.
• Chartwell Retirement Residences currently holds a consensus rating of "Buy" among analysts, with a consensus target price of C$20.44.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) had its price objective boosted by analysts at Royal Bank Of Canada from C$20.00 to C$21.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 15.26% from the stock's previous close.

Other analysts also recently issued reports about the stock. BMO Capital Markets boosted their target price on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research report on Monday, May 12th. Desjardins boosted their target price on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the stock a "buy" rating in a research report on Monday. Finally, TD Securities decreased their target price on shares of Chartwell Retirement Residences from C$22.00 to C$21.00 and set a "buy" rating for the company in a research report on Monday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$21.07.

Chartwell Retirement Residences Stock Up 0.3%

CSH.UN traded up C$0.06 on Monday, reaching C$18.22. 649,379 shares of the company traded hands, compared to its average volume of 407,651. The stock's 50 day moving average price is C$18.08 and its 200-day moving average price is C$17.34. 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$4.94 billion, a price-to-earnings ratio of -107.18 and a beta of 1.12. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

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.