Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$15.81.

A number of equities research analysts have recently weighed in on the company. Scotiabank dropped their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research report on Thursday, January 30th. National Bankshares set a C$15.50 target price on Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research report on Friday, December 20th. Raymond James dropped their target price on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research report on Monday, January 13th. CIBC upped their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Friday, November 8th. Finally, BMO Capital Markets upped their price objective on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th.

Choice Properties Real Est Invstmnt Trst Trading Down 0.9 %

CHP.UN stock opened at C$13.53 on Tuesday. The company has a market cap of C$4.44 billion, a P/E ratio of 15.20 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 business has a fifty day moving average of C$13.28 and a 200-day moving average of C$14.00.

Choice Properties Real Est Invstmnt Trst Company Profile

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick.