Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) had its price objective hoisted by analysts at Scotiabank from C$15.50 to C$16.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Scotiabank's price target suggests a potential upside of 8.47% from the company's previous close.
CHP.UN has been the subject of several other reports. Raymond James lowered their target price on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research note on Monday, January 13th. National Bankshares upgraded Choice Properties Real Est Invstmnt Trst from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$15.50 to C$16.00 in a report on Monday, April 14th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$15.94.
Get Our Latest Research Report on CHP.UN
Choice Properties Real Est Invstmnt Trst Stock Performance
Shares of CHP.UN traded up C$0.15 during trading hours on Monday, reaching C$14.75. 90,190 shares of the company's stock traded hands, compared to its average volume of 487,627. Choice Properties Real Est Invstmnt Trst has a twelve month low of C$12.42 and a twelve month high of C$15.33. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. The firm has a market capitalization of C$4.84 billion, a price-to-earnings ratio of 16.57 and a beta of 0.67. The business's fifty day simple moving average is C$14.08 and its two-hundred day simple moving average is C$13.83.
About Choice Properties Real Est Invstmnt Trst
(
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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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