Chartwell Retirement Residences (TSE:CSH.UN) Hits New 12-Month High – What’s Next?

Chartwell Retirement Residences (TSE:CSH.UN)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$22.38 and last traded at C$22.26, with a volume of 312435 shares traded. The stock had previously closed at C$21.88.

Analysts Set New Price Targets

CSH.UN has been the topic of a number of recent research reports. Scotiabank increased their price objective on Chartwell Retirement Residences from C$22.00 to C$24.00 in a report on Monday, November 10th. Canaccord Genuity Group upped their price target on Chartwell Retirement Residences from C$21.00 to C$22.50 in a research report on Monday, November 10th. Canadian Imperial Bank of Commerce increased their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a report on Tuesday, November 11th. Finally, TD Securities boosted their price objective on shares of Chartwell Retirement Residences from C$22.00 to C$23.00 in a research note on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$22.44.

Chartwell Retirement Residences Stock Up 1.6%

The company’s 50-day moving average price is C$20.78 and its 200 day moving average price is C$20.02. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The stock has a market cap of C$6.76 billion, a PE ratio of 259.29 and a beta of 0.72.

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.