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Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Passes Below 200-Day Moving Average - Here's What Happened

Choice Properties Real Est Invstmnt Trst logo with Real Estate background

Key Points

  • Choice Properties Real Estate Investment Trust shares fell below their 200-day moving average, trading as low as C$14.14, indicating potential bearish momentum.
  • Wall Street analysts have generally upgraded their outlook on the stock, with a consensus price target set at C$16.00, reflecting a predominantly optimistic sentiment.
  • The company has a high debt-to-equity ratio of 249.71, which may raise concerns about its financial leverage compared to industry standards.
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Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.24 and traded as low as C$14.14. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.26, with a volume of 401,045 shares.

Wall Street Analysts Forecast Growth

CHP.UN has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted 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. 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 company from C$15.50 to C$16.00 in a report on Monday, April 14th. Scotiabank lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, Desjardins cut Choice Properties Real Est Invstmnt Trst from a "buy" rating to a "hold" rating and set a C$16.00 target price on the stock. in a report on Monday, July 21st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$16.00.

Get Our Latest Stock Report on CHP.UN

Choice Properties Real Est Invstmnt Trst Price Performance

The stock has a market cap of C$4.71 billion, a price-to-earnings ratio of 16.13 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 company has a 50-day simple moving average of C$14.64 and a two-hundred day simple moving average of C$14.25.

Choice Properties Real Est Invstmnt Trst Company Profile

(Get Free Report)

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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