Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective raised by equities researchers at Royal Bank Of Canada from C$26.00 to C$27.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 27.48% from the stock’s previous close.

Several other analysts also recently commented on CSH.UN. BMO Capital Markets upped their price objective on Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Canaccord Genuity Group upped their price objective on Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. TD Securities upped 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 note on Monday, March 2nd. ATB Cormark Capital Markets upped their price objective on Chartwell Retirement Residences from C$25.00 to C$25.50 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Finally, TD boosted their target price on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Chartwell Retirement Residences currently has a consensus rating of “Buy” and an average price target of C$25.82.

Chartwell Retirement Residences Stock Performance

Shares of Chartwell Retirement Residences stock traded down C$0.45 on Monday, hitting C$21.18. The stock had a trading volume of 344,489 shares, compared to its average volume of 405,577. Chartwell Retirement Residences has a 52-week low of C$17.20 and a 52-week high of C$23.21. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The stock has a market cap of C$6.87 billion, a price-to-earnings ratio of -33,512.66 and a beta of 0.82. The company’s 50 day moving average price is C$21.05 and its 200 day moving average price is C$20.75.

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

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. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.