Chartwell Retirement Residences (OTCMKTS:CWSRF) Stock Price Up 1.6% – Still a Buy?

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. TD Securities restated a “buy” rating on shares of Chartwell Retirement Residences in a research report on Monday, May 11th. BMO Capital Markets reiterated an “outperform” rating on shares of Chartwell Retirement Residences in a research report on Monday, May 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 11th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Chartwell Retirement Residences Trading Up 1.6%

The stock has a fifty day moving average of $15.24 and a 200-day moving average of $15.13.

Chartwell Retirement Residences Company Profile

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.