Scotiabank Raises Chartwell Retirement Residences (TSE:CSH.UN) Price Target to C$15.00

Chartwell Retirement Residences (TSE:CSH.UN) had its price target lifted by investment analysts at Scotiabank from C$14.00 to C$15.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 16.91% from the stock’s current price.

Other analysts have also issued reports about the company. CIBC increased their target price on Chartwell Retirement Residences from C$14.00 to C$15.00 in a report on Monday, March 11th. TD Securities set a C$16.00 target price on Chartwell Retirement Residences and gave the stock a “buy” rating in a report on Friday. Finally, Royal Bank of Canada increased their target price on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$14.75.

Chartwell Retirement Residences Stock Performance

CSH.UN traded up C$0.03 during trading hours on Friday, reaching C$12.83. The company’s stock had a trading volume of 251,782 shares, compared to its average volume of 423,411. Chartwell Retirement Residences has a 52 week low of C$9.06 and a 52 week high of C$12.99. The company’s 50-day moving average is C$12.62 and its 200-day moving average is C$12.22. The company has a debt-to-equity ratio of 275.11, a quick ratio of 0.07 and a current ratio of 0.44. The firm has a market cap of C$3.11 billion, a PE ratio of -61.10 and a beta of 1.12.

About Chartwell Retirement Residences

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.