Chartwell Retirement Residences (OTCMKTS:CWSRF) Shares Down 1.9% – Here’s Why

Shares of Chartwell Retirement Residences (OTCMKTS:CWSRF) dropped 1.9% during trading on Friday . The stock traded as low as $16.10 and last traded at $16.10. Approximately 954,551 shares traded hands during mid-day trading, an increase of 1,597% from the average session volume of 56,243 shares. The stock had previously closed at $16.42.

Analyst Ratings Changes

CWSRF has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 11th. BMO Capital Markets reiterated an “outperform” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 11th. Finally, TD Securities reissued a “buy” rating on shares of Chartwell Retirement Residences in a report on Monday, May 11th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Chartwell Retirement Residences Stock Performance

The firm has a fifty day simple moving average of $15.65 and a two-hundred day simple moving average of $15.44.

Chartwell Retirement Residences Company Profile

Chartwell Retirement Residences (OTCMKTS: CWSRF) is one of Canada’s largest providers of seniors housing, offering a range of retirement living options and care services. Headquartered in Mississauga, Ontario, the company develops, owns and operates retirement communities across multiple provinces, catering to the evolving needs of older adults seeking independent living, assisted living, memory care and long-term care.

The company’s portfolio includes more than 150 retirement residences that deliver hospitality-style services such as chef-prepared meals, housekeeping, dining and recreation programs.