Chartwell Retirement Residences (OTCMKTS:CWSRF) Trading 1.6% Higher – Here’s Why

Chartwell Retirement Residences (OTCMKTS:CWSRF – Get Free Report) shares shot up 1.6% during mid-day trading on Thursday . The company traded as high as $15.24 and last traded at $15.24. 152,159 shares changed hands during mid-day trading, an increase of 727% from the average session volume of 18,392 shares. The stock had previously closed at $15.00.

Analysts Set New Price Targets

Several brokerages have commented on CWSRF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 11th. BMO Capital Markets restated an “outperform” rating on shares of Chartwell Retirement Residences in a research report on Monday, May 11th. Finally, TD Securities restated a “buy” rating on shares of Chartwell Retirement Residences in a report on Monday, May 11th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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Chartwell Retirement Residences Price Performance

The company has a fifty day moving average price of $15.24 and a two-hundred day moving average price of $15.13.

About Chartwell Retirement Residences

(Get Free Report)

Chartwell Retirement Residences (OTCMKTS: CWSRF) is one of Canada’s largest providers of seniors housing, offering a range of retirement living options and care services. Headquartered in Mississauga, Ontario, the company develops, owns and operates retirement communities across multiple provinces, catering to the evolving needs of older adults seeking independent living, assisted living, memory care and long-term care.

The company’s portfolio includes more than 150 retirement residences that deliver hospitality-style services such as chef-prepared meals, housekeeping, dining and recreation programs.

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