Chartwell Retirement Residences (TSE:CSH.UN) Hits New 12-Month High – What’s Next?

Shares of Chartwell Retirement Residences (TSE:CSH.UN) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$22.38 and last traded at C$22.26, with a volume of 312435 shares trading hands. The stock had previously closed at C$21.88.

Analysts Set New Price Targets

Several research firms recently weighed in on CSH.UN. TD Securities lifted their target price on Chartwell Retirement Residences from C$22.00 to C$23.00 in a research report on Monday, November 10th. Canadian Imperial Bank of Commerce lifted their price objective on Chartwell Retirement Residences from C$21.00 to C$22.00 in a research report on Tuesday, November 11th. Canaccord Genuity Group boosted their price objective on Chartwell Retirement Residences from C$21.00 to C$22.50 in a research note on Monday, November 10th. Finally, Scotiabank increased their target price on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 in a report on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences has a consensus rating of “Buy” and an average target price of C$22.44.

Chartwell Retirement Residences Price Performance

The firm has a 50-day moving average of C$20.78 and a 200-day moving average of C$20.02. The stock has a market cap of C$6.76 billion, a PE ratio of 259.29 and a beta of 0.72. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07.

Chartwell Retirement Residences Company Profile

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.