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

Key Points

• Choice Properties Real Estate Investment Trust's stock (TSE:CHP.UN) has fallen below its 200-day moving average of C$14.39, trading as low as C$14.34 during recent trading.
• Analysts have mixed views on the stock; Royal Bank of Canada has raised its target price to C$16.00 with a "sector perform" rating, while Desjardins downgraded it from "buy" to "hold."
• The company has a market cap of C$4.76 billion, a price-to-earnings ratio of 16.30, and predominantly invests in retail spaces like supermarkets across Canada.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.39 and traded as low as C$14.34. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.51, with a volume of 256,061 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CHP.UN shares. Royal Bank Of Canada upped their target price on 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. Desjardins downgraded Choice Properties Real Est Invstmnt Trst from a "buy" rating to a "hold" rating and set a C$16.00 target price for the company. in a research report on Monday, July 21st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$16.00.

Choice Properties Real Est Invstmnt Trst Price Performance

The business has a 50-day moving average price of C$14.57 and a 200 day moving average price of C$14.39. The company has a market cap of C$4.76 billion, a price-to-earnings ratio of 16.30 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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