Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives Average Recommendation of "Buy" from Brokerages

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) have been given a consensus rating of "Buy" by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is C$15.94.

A number of analysts recently commented on the company. National Bankshares raised Choice Properties Real Est Invstmnt Trst from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$15.50 to C$16.00 in a research note on Monday, April 14th. Scotiabank upped their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the stock an "outperform" rating in a report on Monday, April 28th.

Choice Properties Real Est Invstmnt Trst Trading Down 0.3%

Shares of TSE CHP.UN traded down C$0.05 during trading hours on Thursday, hitting C$15.00. The company's stock had a trading volume of 475,077 shares, compared to its average volume of 476,922. Choice Properties Real Est Invstmnt Trst has a 12 month low of C$12.42 and a 12 month high of C$15.33. The stock has a market cap of C$4.92 billion, a price-to-earnings ratio of 16.85 and a beta of 0.67. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. The business has a 50-day simple moving average of C$14.50 and a 200-day simple moving average of C$13.89.

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.