Chartwell Retirement Residences (TSE:CSH.UN) Given a C$20.50 Price Target at Canaccord Genuity Group

Chartwell Retirement Residences (TSE:CSH.UN) has been given a C$20.50 price objective by equities research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 20.23% from the company’s current price.

A number of other brokerages have also recently issued reports on CSH.UN. CIBC lifted their price objective on Chartwell Retirement Residences from C$19.00 to C$20.00 in a report on Monday, March 3rd. BMO Capital Markets lifted their target price on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 in a research note on Monday, March 3rd. Finally, TD Securities increased their price target on Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Chartwell Retirement Residences presently has a consensus rating of “Buy” and an average price target of C$18.00.

Chartwell Retirement Residences Stock Performance

Shares of TSE:CSH.UN traded up C$0.17 during trading on Thursday, hitting C$17.05. 216,281 shares of the stock were exchanged, compared to its average volume of 338,969. The company has a market capitalization of C$4.63 billion, a price-to-earnings ratio of -100.29 and a beta of 1.12. Chartwell Retirement Residences has a 1-year low of C$12.05 and a 1-year high of C$17.69. The company’s fifty day simple moving average is C$16.53 and its 200-day simple moving average is C$15.86. 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 Company Profile

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.