Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Choice Properties Real Estate Investment Trust (TSE:CHP.UN) has received a consensus recommendation of "Moderate Buy" from six brokerage firms, with a price target of C$16.00.
• Recent reports indicate that Scotiabank and National Bank have increased their price targets for the stock to C$16.00, while Desjardins downgraded it from a "buy" to a "hold" rating.
• The company primarily invests in and manages retail and commercial properties across Canada, focusing on shopping centers and supermarkets situated mainly in Ontario and Quebec.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$16.00.

CHP.UN has been the topic of a number of research analyst reports. Scotiabank raised their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. National Bankshares upgraded shares of Choice Properties Real Est Invstmnt Trst from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$15.50 to C$16.00 in a research note on Monday, April 14th. Desjardins lowered shares of Choice Properties Real Est Invstmnt Trst from a "buy" rating to a "hold" rating and set a C$16.00 price target on the stock. in a research report on Monday, July 21st. Finally, Royal Bank Of Canada lifted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a "sector perform" rating in a research report on Monday, July 21st.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of TSE:CHP.UN opened at C$14.20 on Tuesday. The firm's 50 day moving average is C$14.61 and its two-hundred day moving average is C$14.29. Choice Properties Real Est Invstmnt Trst has a 52 week low of C$12.51 and a 52 week high of C$15.33. The firm has a market capitalization of C$4.66 billion, a P/E ratio of 15.96 and a beta of 0.67. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71.

About Choice Properties Real Est Invstmnt Trst

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company's portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick.

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