Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) was downgraded by investment analysts at Desjardins from a "buy" rating to a "hold" rating in a report issued on Monday,BayStreet.CA reports. They presently have a C$16.00 price target on the real estate investment trust's stock. Desjardins' price target would suggest a potential upside of 9.29% from the stock's current price.
CHP.UN has been the subject of several other reports. Scotiabank boosted their price target 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 report on Monday, April 28th. Royal Bank Of Canada upped their price target 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. Finally, National Bankshares upgraded Choice Properties Real Est Invstmnt Trst from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from C$15.50 to C$16.00 in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$16.00.
Get Our Latest Stock Report on CHP.UN
Choice Properties Real Est Invstmnt Trst Trading Down 0.6%
Shares of CHP.UN traded down C$0.09 during trading hours on Monday, reaching C$14.64. 321,741 shares of the company traded hands, compared to its average volume of 463,025. Choice Properties Real Est Invstmnt Trst has a 12-month low of C$12.51 and a 12-month high of C$15.33. The stock's fifty day moving average price is C$14.79 and its 200 day moving average price is C$14.15. The firm has a market cap of C$4.80 billion, a price-to-earnings ratio of 16.45 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.
Choice Properties Real Est Invstmnt Trst Company Profile
(
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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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