Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Increased to C$15.50 by Analysts at Desjardins

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price hoisted by Desjardins from C$15.00 to C$15.50 in a report released on Monday, BayStreet.CA reports.

Other research analysts have also recently issued reports about the company. Raymond James set a C$15.00 price objective on Choice Properties Real Est Invstmnt Trst and gave the company an outperform rating in a report on Friday, June 14th. TD Securities cut their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research report on Wednesday, April 24th. Finally, Canaccord Genuity Group raised Choice Properties Real Est Invstmnt Trst from a hold rating to a buy rating and set a C$14.50 price objective on the stock in a research report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of C$15.19.

Choice Properties Real Est Invstmnt Trst Trading Down 0.8 %

CHP.UN opened at C$14.17 on Monday. Choice Properties Real Est Invstmnt Trst has a one year low of C$11.79 and a one year high of C$14.51. The stock has a market capitalization of C$4.65 billion, a PE ratio of 15.39 and a beta of 0.65. The business’s 50 day moving average price is C$13.05 and its 200 day moving average price is C$13.40. The company has a debt-to-equity ratio of 268.38, a quick ratio of 0.13 and a current ratio of 0.16.

Choice Properties Real Est Invstmnt Trst Company Profile

Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high quality portfolio comprising 756 properties totaling 67.7 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominantly leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an unmatched development pipeline.