Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives Consensus Rating of "Moderate Buy" from 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 been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$16.00.

A number of brokerages recently weighed in on CHP.UN. Royal Bank Of Canada raised their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a "sector perform" rating in a research note on Monday, July 21st. Scotiabank raised their target price 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. Finally, Desjardins downgraded 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 note on Monday, July 21st.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of Choice Properties Real Est Invstmnt Trst stock traded down C$0.07 on Tuesday, reaching C$14.42. The stock had a trading volume of 66,493 shares, compared to its average volume of 449,229. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$12.51 and a 1 year high of C$15.33. The company has a market cap of C$4.73 billion, a P/E ratio of 16.20 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. The business's 50 day moving average is C$14.60 and its two-hundred day moving average is C$14.30.

Choice Properties Real Est Invstmnt Trst Company Profile

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.