Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Chartwell Retirement Residences (TSE:CSH.UN) had its price target increased by equities researchers at Canaccord Genuity Group from C$21.00 to C$22.50 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s target price suggests a potential upside of 14.33% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. National Bankshares upped their price target on Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Royal Bank Of Canada lifted their price objective on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. TD Securities increased their price target on Chartwell Retirement Residences from C$22.00 to C$23.00 in a research report on Monday. Scotiabank upped their target price on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 in a research report on Monday. Finally, Desjardins raised their price target on Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Monday, August 11th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Chartwell Retirement Residences has a consensus rating of “Buy” and an average target price of C$22.19.

Chartwell Retirement Residences Trading Down 0.3%

Shares of TSE:CSH.UN traded down C$0.06 during trading on Monday, reaching C$19.68. 276,094 shares of the stock were exchanged, compared to its average volume of 404,459. The firm has a market cap of C$5.70 billion, a price-to-earnings ratio of 100.77 and a beta of 0.86. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. Chartwell Retirement Residences has a 12-month low of C$14.71 and a 12-month high of C$21.08. The firm’s 50-day moving average price is C$19.84 and its 200 day moving average price is C$18.68.

About Chartwell Retirement Residences

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.