TD Securities Cuts Chartwell Retirement Residences (TSE:CSH.UN) Price Target to C$21.00

Key Points

• TD Securities has lowered its price target for Chartwell Retirement Residences (TSE:CSH.UN) from C$22.00 to C$21.00, while maintaining a "buy" rating, suggesting a potential upside of 14.69% from its current price.
• Despite this downgrade, other brokerages like Desjardins and BMO Capital Markets have increased their price targets for the stock, indicating a generally optimistic outlook with an average target price of C$20.44.
• The stock is currently trading at C$18.31, having experienced a decline of C$0.08 during trading hours, with a market cap of C$4.97 billion.

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) had its target price lowered by research analysts at TD Securities from C$22.00 to C$21.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' target price would indicate a potential upside of 15.26% from the stock's current price.

A number of other analysts also recently commented on CSH.UN. BMO Capital Markets boosted their price target on shares of Chartwell Retirement Residences from C$19.00 to C$21.00 in a research report on Monday, May 12th. Desjardins boosted their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the stock a "buy" rating in a research report on Monday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$21.07.

Chartwell Retirement Residences Stock Performance

TSE:CSH.UN traded up C$0.06 during mid-day trading on Monday, hitting C$18.22. The stock had a trading volume of 649,379 shares, compared to its average volume of 407,651. The stock has a market capitalization of C$4.94 billion, a price-to-earnings ratio of -107.18 and a beta of 1.12. The company has a 50 day simple moving average of C$18.08 and a 200-day simple moving average of C$17.34. Chartwell Retirement Residences has a 52 week low of C$14.39 and a 52 week high of C$18.79. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Company Profile

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.