Scotiabank Boosts Chartwell Retirement Residences (TSE:CSH.UN) Price Target to C$16.50

Chartwell Retirement Residences (TSE:CSH.UN) had its price target boosted by Scotiabank from C$15.50 to C$16.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 7.42% from the stock’s previous close.

CSH.UN has been the topic of several other research reports. National Bankshares boosted their price objective on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. Desjardins increased their target price on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a report on Monday, August 12th. CIBC lifted their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.50 and gave the company an “outperform” rating in a research report on Monday, August 12th. TD Securities upped their price target on shares of Chartwell Retirement Residences from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada upped their price target on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$16.50.

Chartwell Retirement Residences Stock Performance

CSH.UN traded up C$0.12 on Wednesday, reaching C$15.36. The company had a trading volume of 105,767 shares, compared to its average volume of 405,909. 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 fifty-two week low of C$9.59 and a fifty-two week high of C$15.39. The company’s fifty day moving average is C$13.92 and its 200 day moving average is C$12.99. The stock has a market cap of C$4.17 billion, a P/E ratio of -90.53 and a beta of 1.12.

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.