Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Chartwell Retirement Residences (TSE:CSH.UNGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$19.99 and traded as high as C$22.07. Chartwell Retirement Residences shares last traded at C$21.88, with a volume of 977,416 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on CSH.UN. Canaccord Genuity Group boosted their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.50 in a research report on Monday, November 10th. TD Securities upped their target price on Chartwell Retirement Residences from C$22.00 to C$23.00 in a report on Monday, November 10th. Scotiabank lifted their price target on Chartwell Retirement Residences from C$22.00 to C$24.00 in a report on Monday, November 10th. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research report on Tuesday, November 11th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$22.44.

View Our Latest Stock Report on CSH.UN

Chartwell Retirement Residences Trading Up 0.2%

The business’s 50-day simple moving average is C$20.78 and its two-hundred day simple moving average is C$20.01. The firm has a market capitalization of C$6.65 billion, a price-to-earnings ratio of 255.21 and a beta of 0.72. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences Company Profile

(Get Free Report)

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.

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