Scotiabank Raises Chartwell Retirement Residences (TSE:CSH.UN) Price Target to C$15.00

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective increased by research analysts at Scotiabank from C$14.00 to C$15.00 in a report released on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 16.91% from the stock’s current price.

Several other equities research analysts have also recently issued reports on CSH.UN. TD Securities set a C$16.00 price objective on shares of Chartwell Retirement Residences and gave the stock a “buy” rating in a research report on Friday. Royal Bank of Canada boosted their target price on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Finally, CIBC boosted their target price on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a research note on Monday, March 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$14.75.

Chartwell Retirement Residences Stock Performance

TSE:CSH.UN traded up C$0.03 during trading hours on Friday, hitting C$12.83. 251,782 shares of the company were exchanged, compared to its average volume of 423,411. The stock has a market capitalization of C$3.11 billion, a price-to-earnings ratio of -61.10 and a beta of 1.12. Chartwell Retirement Residences has a 52-week low of C$9.06 and a 52-week high of C$12.99. The company has a debt-to-equity ratio of 275.11, a current ratio of 0.44 and a quick ratio of 0.07. The company’s 50 day moving average price is C$12.62 and its 200-day moving average price is C$12.22.

About Chartwell Retirement Residences

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.