Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$15.50 at CIBC

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target upped by CIBC from C$15.00 to C$15.50 in a report published on Friday,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on CHP.UN. Scotiabank upped their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Monday, July 22nd. Canaccord Genuity Group lifted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the stock a “buy” rating in a report on Monday, September 16th. TD Securities raised their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. BMO Capital Markets boosted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th. Finally, Desjardins boosted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Monday, July 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Choice Properties Real Est Invstmnt Trst presently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.81.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of CHP.UN opened at C$13.96 on Friday. The firm has a market capitalization of C$4.58 billion, a PE ratio of 15.69 and a beta of 0.67. 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 52-week low of C$12.42 and a 52-week high of C$15.33. The stock has a 50 day simple moving average of C$14.73 and a 200 day simple moving average of C$13.79.

About Choice Properties Real Est Invstmnt Trst

Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high quality portfolio comprising 756 properties totaling 67.7 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominantly leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an unmatched development pipeline.