Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective upped by research analysts at Royal Bank Of Canada from C$22.00 to C$26.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 17.65% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. Canadian Imperial Bank of Commerce increased their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a report on Tuesday, November 11th. Desjardins increased their price objective on Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets increased their target price on shares of Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research report on Monday. Canaccord Genuity Group raised their target price on shares of Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Scotiabank upped their price target on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday. Eight investment 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 a consensus price target of C$24.94.

Chartwell Retirement Residences Price Performance

Shares of TSE:CSH.UN traded down C$0.12 during midday trading on Monday, reaching C$22.10. 277,896 shares of the company’s stock traded hands, compared to its average volume of 382,337. The company has a fifty day simple moving average of C$20.95 and a two-hundred day simple moving average of C$20.16. Chartwell Retirement Residences has a 1 year low of C$15.59 and a 1 year high of C$23.21. The company has a market cap of C$6.72 billion, a P/E ratio of 257.77 and a beta of 0.72. 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 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.