Canaccord Genuity Group Issues Positive Forecast for Chartwell Retirement Residences (TSE:CSH.UN) Stock Price

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective hoisted by stock analysts at Canaccord Genuity Group from C$21.00 to C$22.50 in a research note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 14.33% from the company’s previous close.

CSH.UN has been the topic of a number of other research reports. Scotiabank boosted their target price on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 in a research report on Monday. National Bankshares raised their price target on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Desjardins boosted their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Royal Bank Of Canada increased their target price on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research note on Monday, August 11th. Finally, TD Securities lifted their target price on Chartwell Retirement Residences from C$22.00 to C$23.00 in a research report on Monday. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$22.19.

Chartwell Retirement Residences Stock Performance

CSH.UN traded down C$0.06 during midday trading on Monday, reaching C$19.68. The company’s stock had a trading volume of 276,094 shares, compared to its average volume of 404,459. The stock has a market cap of C$5.70 billion, a P/E ratio of 100.77 and a beta of 0.86. The company has a fifty day simple moving average of C$19.84 and a 200 day simple moving average of C$18.68. 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 has a twelve month low of C$14.71 and a twelve month high of C$21.08.

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.