Chartwell Retirement Residences (TSE:CSH.UN) Given New C$25.50 Price Target at ATB Cormark Capital Markets

Chartwell Retirement Residences (TSE:CSH.UN) had its price target increased by ATB Cormark Capital Markets from C$25.00 to C$25.50 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target indicates a potential upside of 15.38% from the company’s previous close.

Several other research firms have also recently weighed in on CSH.UN. 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. BMO Capital Markets raised their price target on shares of Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the company an “outperform” rating in a report on Monday. Canaccord Genuity Group upped their price objective on Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the stock a “buy” rating in a report on Monday. Scotiabank increased their price objective 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. Finally, Desjardins lifted their target price on Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$24.94.

Chartwell Retirement Residences Price Performance

Chartwell Retirement Residences 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 business’s fifty day moving average price is C$20.95 and its 200 day moving average price is C$20.16. 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 company has a market cap of C$6.72 billion, a price-to-earnings ratio of 257.77 and a beta of 0.72. Chartwell Retirement Residences has a twelve month low of C$15.59 and a twelve month high of C$23.21.

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.