Brokerages Set Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Target Price at C$15.81

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$15.81.

Several research analysts have commented on the company. National Bankshares set a C$15.50 price target on Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research report on Friday, December 20th. CIBC lifted their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research report on Friday, November 8th. BMO Capital Markets lifted their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research report on Monday, October 28th. Scotiabank dropped their price target on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research report on Thursday, January 30th. Finally, Raymond James dropped their price target on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research report on Monday, January 13th.

Choice Properties Real Est Invstmnt Trst Stock Down 0.9 %

Shares of CHP.UN stock opened at C$13.53 on Tuesday. The stock’s 50 day simple moving average is C$13.28 and its 200 day simple moving average is C$14.00. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. Choice Properties Real Est Invstmnt Trst has a twelve month low of C$12.42 and a twelve month high of C$15.33. The company has a market capitalization of C$4.44 billion, a price-to-earnings ratio of 15.20 and a beta of 0.67.

About Choice Properties Real Est Invstmnt Trst

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick.