TD Boosts Chartwell Retirement Residences (TSE:CSH.UN) Price Target to C$27.00

Chartwell Retirement Residences (TSE:CSH.UN) had its target price lifted by equities research analysts at TD from C$26.00 to C$27.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price objective would suggest a potential upside of 27.48% from the stock’s previous close.

Several other equities analysts also recently weighed in on CSH.UN. BMO Capital Markets boosted their target price on Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Royal Bank Of Canada boosted their target price on Chartwell Retirement Residences from C$22.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. TD Securities boosted their target price on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Scotiabank boosted their target price on Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Finally, Desjardins boosted their target price on Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat.com, Chartwell Retirement Residences has an average rating of “Buy” and an average price target of C$25.82.

Chartwell Retirement Residences Trading Down 2.1%

Shares of TSE CSH.UN traded down C$0.45 during trading hours on Monday, hitting C$21.18. 344,489 shares of the company traded hands, compared to its average volume of 405,577. The stock has a market capitalization of C$6.87 billion, a price-to-earnings ratio of -33,512.66 and a beta of 0.82. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The company’s 50 day moving average price is C$21.05 and its 200 day moving average price is C$20.75. Chartwell Retirement Residences has a 12 month low of C$17.20 and a 12 month high of C$23.21.

Chartwell Retirement Residences (TSE:CSH.UN) last released its earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share for the quarter. The firm had revenue of C$314.65 million for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%. On average, equities research analysts anticipate that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

About Chartwell Retirement Residences

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.