Chartwell Retirement Residences (TSE:CSH.UN) Given New C$27.00 Price Target at Desjardins

Chartwell Retirement Residences (TSE:CSH.UN) had its target price boosted by investment analysts at Desjardins from C$26.00 to C$27.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 27.48% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. TD increased their price target on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank Of Canada increased their price target on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Monday. National Bank Financial increased their price target on shares of Chartwell Retirement Residences from C$25.25 to C$26.50 and gave the stock an “outperform” rating in a research report on Monday. TD Securities increased their price target on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, 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 research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$25.82.

Chartwell Retirement Residences Stock Performance

Shares of CSH.UN traded down C$0.45 during trading hours on Monday, reaching C$21.18. 344,489 shares of the company traded hands, compared to its average volume of 405,577. The stock’s fifty day moving average is C$21.05 and its 200 day moving average is C$20.75. The stock has a market cap of C$6.87 billion, a P/E ratio of -33,512.66 and a beta of 0.82. 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 1-year low of C$17.20 and a 1-year high of C$23.21.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share (EPS) for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. The firm had revenue of C$314.65 million during the quarter. Equities research analysts anticipate that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

About Chartwell Retirement Residences

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.