ATB Cormark Capital Markets Cuts Chartwell Retirement Residences (TSE:CSH.UN) Price Target to C$25.00

Chartwell Retirement Residences (TSE:CSH.UNGet Free Report) had its target price dropped by equities research analysts at ATB Cormark Capital Markets from C$25.50 to C$25.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective suggests a potential upside of 16.99% from the company’s current price.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets lifted their price target on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Canaccord Genuity Group upped their price objective on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Desjardins upped their price objective on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Monday, May 11th. TD raised their target price on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada lifted their target price on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$25.77.

View Our Latest Stock Analysis on Chartwell Retirement Residences

Chartwell Retirement Residences Stock Up 1.0%

Shares of CSH.UN traded up C$0.22 on Wednesday, reaching C$21.37. The stock had a trading volume of 718,749 shares, compared to its average volume of 428,124. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. Chartwell Retirement Residences has a 12-month low of C$17.90 and a 12-month high of C$23.38. The firm has a market capitalization of C$7.02 billion, a price-to-earnings ratio of -33,813.29 and a beta of 0.85. The company has a 50-day simple moving average of C$22.18 and a 200-day simple moving average of C$21.43.

Chartwell Retirement Residences (TSE:CSH.UNGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C($0.00) earnings per share (EPS) for the quarter. The business had revenue of C$336.74 million during the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%. Sell-side analysts predict that Chartwell Retirement Residences will post 0.1237392 EPS for the current year.

Chartwell Retirement Residences Company Profile

(Get Free Report)

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.

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