Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given New C$15.50 Price Target at CIBC

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price lifted by CIBC from C$15.00 to C$15.50 in a research note released on Friday morning,BayStreet.CA reports.

A number of other research analysts have also weighed in on CHP.UN. BMO Capital Markets raised their target price on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th. Desjardins raised their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research report on Monday, July 22nd. Canaccord Genuity Group upped their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the stock a “buy” rating in a research report on Monday, September 16th. TD Securities lifted their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Raymond James boosted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a report on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$15.81.

Choice Properties Real Est Invstmnt Trst Trading Down 0.6 %

CHP.UN traded down C$0.09 during trading on Friday, hitting C$13.97. The company’s stock had a trading volume of 389,066 shares, compared to its average volume of 399,496. The firm has a market capitalization of C$4.58 billion, a P/E ratio of 15.70 and a beta of 0.67. Choice Properties Real Est Invstmnt Trst has a twelve month low of C$12.42 and a twelve month high of C$15.33. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The stock’s fifty day moving average price is C$14.74 and its 200-day moving average price is C$13.78.

About Choice Properties Real Est Invstmnt Trst

Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high quality portfolio comprising 756 properties totaling 67.7 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominantly leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an unmatched development pipeline.