Chartwell Retirement Residences (TSE:CSH.UN) Price Target Raised to C$26.00 at Canaccord Genuity Group

Chartwell Retirement Residences (TSE:CSH.UN) had its price target raised by equities research analysts at Canaccord Genuity Group from C$24.00 to C$26.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 22.76% from the company’s current price.

A number of other research firms have also commented on CSH.UN. Royal Bank Of Canada upped their price objective on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Monday. TD Securities upped their price objective on shares of Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. TD increased their target price on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Monday. Desjardins increased their target price on shares of Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Monday. Finally, BMO Capital Markets increased their target price on shares of Chartwell Retirement Residences from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$25.82.

Chartwell Retirement Residences Trading Down 2.1%

Shares of TSE:CSH.UN traded down C$0.45 during mid-day trading on Monday, reaching C$21.18. 344,489 shares of the company’s stock were exchanged, compared to its average volume of 405,577. The firm 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 business’s fifty day moving average price is C$21.05 and its 200-day moving average price is C$20.75. 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 twelve month low of C$17.20 and a twelve month high of C$23.21.

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