Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.71 and traded as low as C$14.65. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.67, with a volume of 263,917 shares changing hands.

Analysts Set New Price Targets

Several analysts have issued reports on CHP.UN shares. Desjardins downgraded Choice Properties Real Est Invstmnt Trst from a “buy” rating to a “hold” rating and set a C$16.00 price target on the stock. in a research note on Monday, July 21st. National Bankshares downgraded Choice Properties Real Est Invstmnt Trst from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$16.00 to C$15.50 in a research note on Thursday, September 25th. Finally, Royal Bank Of Canada lifted their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$15.83.

Choice Properties Real Est Invstmnt Trst Trading Down 1.1%

The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. The business has a 50-day moving average of C$14.79 and a 200-day moving average of C$14.71. The firm has a market cap of C$10.62 billion, a price-to-earnings ratio of -87.36 and a beta of 0.74.

About Choice Properties Real Est Invstmnt Trst

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick.