Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.02 and traded as low as C$12.94. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.00, with a volume of 383,678 shares trading hands.

Analysts Set New Price Targets

CHP.UN has been the subject of several recent research reports. BMO Capital Markets lifted 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. CIBC lifted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Friday, November 8th. National Bankshares set a C$15.50 price target on shares of Choice Properties Real Est Invstmnt Trst and gave the company a “sector perform” rating in a research note on Friday, December 20th. Finally, Raymond James cut their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Down 0.5 %

The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. The firm has a market cap of C$4.23 billion, a P/E ratio of 14.48 and a beta of 0.67. The stock’s fifty day moving average is C$13.56 and its two-hundred day moving average is C$14.02.

About Choice Properties Real Est Invstmnt Trst

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.