Desjardins Boosts Chartwell Retirement Residences (TSE:CSH.UN) Price Target to C$26.00

Chartwell Retirement Residences (TSE:CSH.UN) had its target price raised by equities researchers at Desjardins from C$23.00 to C$26.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 17.65% from the stock’s current price.

A number of other analysts also recently issued reports on CSH.UN. Scotiabank lifted their price target on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday. Canaccord Genuity Group raised their target price on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the company a “buy” rating in a research note on Monday. TD Securities boosted their price target on shares of Chartwell Retirement Residences from C$22.00 to C$23.00 in a research note on Monday, November 10th. BMO Capital Markets increased their price target on shares of Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research report on Tuesday, November 11th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences currently has a consensus rating of “Buy” and an average price target of C$24.94.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN stock traded down C$0.12 on Monday, reaching C$22.10. The company’s stock had a trading volume of 277,896 shares, compared to its average volume of 382,337. The company has a market capitalization of C$6.72 billion, a P/E ratio of 257.77 and a beta of 0.72. Chartwell Retirement Residences has a 12-month low of C$15.59 and a 12-month high of C$23.21. The stock’s 50 day simple moving average is C$20.95 and its 200-day simple moving average is C$20.16. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Company Profile

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.