Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$14.75 and traded as high as C$14.96. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.87, with a volume of 581,899 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHP.UN. National Bankshares raised shares of Choice Properties Real Est Invstmnt Trst from a "sector perform" rating to an "outperform" rating and increased their price objective 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 Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Choice Properties Real Est Invstmnt Trst currently has an average rating of "Buy" and a consensus target price of C$15.94.

Choice Properties Real Est Invstmnt Trst Price Performance

The firm has a market capitalization of C$4.92 billion, a P/E ratio of 16.88 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 firm has a 50 day moving average price of C$14.77 and a 200-day moving average price of C$14.04.

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.