Chartwell Retirement Residences (TSE:CSH.UN) Given New C$19.00 Price Target at CIBC

Chartwell Retirement Residences (TSE:CSH.UN) had its price target increased by CIBC from C$16.50 to C$19.00 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 17.72% from the company’s current price.

Several other research firms have also recently commented on CSH.UN. Royal Bank of Canada raised their target price on shares of Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. TD Securities boosted their target price on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Monday. Desjardins increased their price target on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Scotiabank boosted their price objective on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, National Bankshares raised their target price on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Chartwell Retirement Residences currently has an average rating of “Buy” and an average price target of C$17.08.

Chartwell Retirement Residences Price Performance

Shares of CSH.UN opened at C$16.14 on Monday. Chartwell Retirement Residences has a one year low of C$10.64 and a one year high of C$16.23. The stock’s fifty day moving average is C$15.50 and its 200-day moving average is C$14.03. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43. The firm has a market capitalization of C$4.38 billion, a price-to-earnings ratio of -94.94 and a beta of 1.12.

Insider Activity

In related news, Director Vlad Volodarski sold 31,872 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$15.77, for a total transaction of C$502,627.81. 0.55% of the stock is currently owned by company insiders.

Chartwell Retirement Residences Company Profile

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.