Royal Bank of Canada Boosts Chartwell Retirement Residences (TSE:CSH.UN) Price Target to C$16.00

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective boosted by equities researchers at Royal Bank of Canada from C$15.00 to C$16.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 11.34% from the company’s current price.

CSH.UN has been the subject of several other reports. TD Securities lifted their price objective on shares of Chartwell Retirement Residences from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Monday. CIBC boosted their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the stock an “outperform” rating in a research report on Monday. Scotiabank boosted their target price on shares of Chartwell Retirement Residences from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Monday. National Bankshares set a C$15.00 target price on shares of Chartwell Retirement Residences and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Finally, Desjardins upped their price objective on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a report on Monday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$16.00.

Chartwell Retirement Residences Trading Up 1.1 %

Shares of TSE:CSH.UN traded up C$0.15 during trading on Monday, reaching C$14.37. The company’s stock had a trading volume of 300,537 shares, compared to its average volume of 415,281. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. Chartwell Retirement Residences has a 12 month low of C$9.59 and a 12 month high of C$14.42. The stock has a market capitalization of C$3.90 billion, a PE ratio of -84.53 and a beta of 1.12. The firm’s 50 day simple moving average is C$13.12 and its two-hundred day simple moving average is C$12.62.

About Chartwell Retirement Residences

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.