Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Expected to Rise, Scotiabank Analyst Says

Chartwell Retirement Residences (TSE:CSH.UN) had its price target upped by equities researchers at Scotiabank from C$25.00 to C$26.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 17.65% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. TD Securities upped their price target on Chartwell Retirement Residences from C$22.00 to C$23.00 in a research note on Monday, November 10th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research note on Tuesday, November 11th. Finally, Canaccord Genuity Group upped their price objective on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the stock a “buy” rating in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$24.94.

Chartwell Retirement Residences Stock Performance

CSH.UN traded down C$0.12 on Monday, hitting C$22.10. 277,896 shares of the company traded hands, compared to its average volume of 382,337. Chartwell Retirement Residences has a 12-month low of C$15.59 and a 12-month high of C$23.21. The company has a 50 day moving average of C$20.95 and a 200-day moving average of C$20.16. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. The stock has a market capitalization of C$6.72 billion, a PE ratio of 257.77 and a beta of 0.72.

About Chartwell Retirement Residences

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.