Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given Average Recommendation of “Moderate Buy” by Analysts

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

A number of research firms have recently issued reports on CHP.UN. CIBC upped their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Friday, November 8th. National Bankshares set a C$15.50 target price on Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research note on Friday, December 20th. BMO Capital Markets lifted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research note on Monday, October 28th. Scotiabank lowered their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a report on Thursday. Finally, Raymond James reduced their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a report on Monday, January 13th.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of TSE CHP.UN opened at C$12.97 on Friday. The stock’s 50-day simple moving average is C$13.43 and its two-hundred day simple moving average is C$14.01. 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 firm has a market capitalization of C$4.25 billion, a P/E ratio of 14.57 and a beta of 0.67. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71.

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.