Chartwell Retirement Residences (OTCMKTS:CWSRF) Stock Price Up 1.3% – Here’s Why

Chartwell Retirement Residences (OTCMKTS:CWSRF)’s stock price rose 1.3% during trading on Tuesday . The company traded as high as $15.15 and last traded at $15.15. Approximately 272,823 shares were traded during mid-day trading, an increase of 1,414% from the average daily volume of 18,015 shares. The stock had previously closed at $14.95.

Wall Street Analyst Weigh In

CWSRF has been the topic of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Chartwell Retirement Residences in a research report on Monday, May 11th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Chartwell Retirement Residences in a research report on Monday, May 11th. Finally, TD Securities reissued a “buy” rating on shares of Chartwell Retirement Residences in a report on Monday, May 11th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Chartwell Retirement Residences Stock Performance

The business’s 50 day moving average price is $15.14 and its two-hundred day moving average price is $15.06.

About Chartwell Retirement Residences

Chartwell Retirement Residences (OTCMKTS: CWSRF) is one of Canada’s largest providers of seniors housing, offering a range of retirement living options and care services. Headquartered in Mississauga, Ontario, the company develops, owns and operates retirement communities across multiple provinces, catering to the evolving needs of older adults seeking independent living, assisted living, memory care and long-term care.

The company’s portfolio includes more than 150 retirement residences that deliver hospitality-style services such as chef-prepared meals, housekeeping, dining and recreation programs.