Scotiabank Increases Chartwell Retirement Residences (TSE:CSH.UN) Price Target to C$15.50

Chartwell Retirement Residences (TSE:CSH.UN) had its target price increased by equities research analysts at Scotiabank from C$15.00 to C$15.50 in a report released on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 7.86% from the company’s previous close.

Several other brokerages have also issued reports on CSH.UN. TD Securities set a C$16.00 target price on shares of Chartwell Retirement Residences and gave the company a “buy” rating in a research report on Friday, June 28th. National Bankshares set a C$15.00 price target on shares of Chartwell Retirement Residences and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada lifted their price target on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Finally, Desjardins lifted their price target on shares of Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Monday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$16.00.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN stock traded up C$0.15 during trading hours on Monday, reaching C$14.37. The stock had a trading volume of 300,537 shares, compared to its average volume of 415,281. The stock’s fifty day simple moving average is C$13.12 and its 200 day simple moving average is C$12.62. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. Chartwell Retirement Residences has a 12 month low of C$9.59 and a 12 month high of C$14.42. The firm has a market capitalization of C$3.90 billion, a PE ratio of -84.53 and a beta of 1.12.

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.