Royal Bank Of Canada Boosts Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target to C$16.00

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) had its price objective hoisted by equities researchers at Royal Bank Of Canada from C$15.00 to C$16.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the real estate investment trust's stock. Royal Bank Of Canada's price target would indicate a potential upside of 9.29% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. Scotiabank increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. National Bankshares upgraded Choice Properties Real Est Invstmnt Trst from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$15.50 to C$16.00 in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$16.00.

Choice Properties Real Est Invstmnt Trst Stock Performance

CHP.UN traded down C$0.09 during midday trading on Monday, reaching C$14.64. The company's stock had a trading volume of 321,741 shares, compared to its average volume of 463,025. Choice Properties Real Est Invstmnt Trst has a twelve month low of C$12.51 and a twelve month high of C$15.33. 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 stock has a market cap of C$4.80 billion, a P/E ratio of 16.45 and a beta of 0.67. The company has a fifty day simple moving average of C$14.79 and a 200 day simple moving average of C$14.15.

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.

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