Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) was upgraded by Canaccord Genuity Group from a "hold" rating to a "buy" rating in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has a C$14.50 price objective on the real estate investment trust's stock. Canaccord Genuity Group's price objective would indicate a potential upside of 10.77% from the company's current price.
A number of other research firms have also issued reports on CHP.UN. TD Securities decreased their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a report on Wednesday. Desjardins raised their price target on Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.50 and gave the stock a "buy" rating in a report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Choice Properties Real Est Invstmnt Trst currently has an average rating of "Moderate Buy" and an average target price of C$14.81.
Get Our Latest Analysis on CHP.UN
Choice Properties Real Est Invstmnt Trst Trading Up 0.2 %
Choice Properties Real Est Invstmnt Trst stock traded up C$0.03 during mid-day trading on Friday, hitting C$13.09. The company's stock had a trading volume of 351,195 shares, compared to its average volume of 416,838. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$11.79 and a 1 year high of C$14.78. The stock's fifty day moving average is C$13.46 and its two-hundred day moving average is C$13.44. The firm has a market capitalization of C$4.29 billion, a PE ratio of 11.97 and a beta of 0.64. The company has a current ratio of 0.43, a quick ratio of 0.13 and a debt-to-equity ratio of 279.73.
Choice Properties Real Est Invstmnt Trst Company Profile
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Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high quality portfolio comprising 756 properties totaling 67.7 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominantly leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an unmatched development pipeline.
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