Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

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

Several analysts have recently issued reports on CHP.UN shares. BMO Capital Markets boosted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research note on Monday, October 28th. National Bankshares set a C$15.50 price objective 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. CIBC boosted their price objective 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. Scotiabank lowered their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research note on Thursday, January 30th. Finally, Raymond James reduced their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a report on Monday, January 13th.

Choice Properties Real Est Invstmnt Trst Stock Up 0.8 %

CHP.UN stock opened at C$13.64 on Tuesday. The stock has a market capitalization of C$4.47 billion, a P/E ratio of 15.33 and a beta of 0.67. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. Choice Properties Real Est Invstmnt Trst has a one year low of C$12.42 and a one year high of C$15.33. The company has a 50 day moving average price of C$13.28 and a two-hundred day moving average price of C$14.00.

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.