Chartwell Retirement Residences (TSE:CSH.UN) Given New C$25.00 Price Target at Raymond James Financial

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective increased by equities researchers at Raymond James Financial from C$24.50 to C$25.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has a “strong-buy” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 18.04% from the company’s current price.

CSH.UN has been the subject of a number of other research reports. Canaccord Genuity Group boosted their price objective on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday. TD boosted their price objective on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Monday. ATB Cormark Capital Markets boosted their price objective on Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Royal Bank Of Canada boosted their price objective on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Desjardins boosted their price objective on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$25.82.

Chartwell Retirement Residences Stock Performance

Shares of TSE:CSH.UN traded down C$0.45 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. Chartwell Retirement Residences has a fifty-two week low of C$17.20 and a fifty-two week high of C$23.21. The business’s 50-day moving average is C$21.05 and its two-hundred day moving average is C$20.75. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20.

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