Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.82 and traded as low as C$13.73. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.79, with a volume of 277,555 shares changing hands.

Analysts Set New Price Targets

Several brokerages have issued reports on CHP.UN. TD Securities raised their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. CIBC raised their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Friday, November 8th. BMO Capital Markets increased their target price on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th. Scotiabank upped their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, Desjardins lifted their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research report on Monday, July 22nd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$15.93.

Choice Properties Real Est Invstmnt Trst Trading Up 0.1 %

The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The company has a market cap of C$4.52 billion, a price-to-earnings ratio of 15.49 and a beta of 0.67. The firm has a 50 day moving average price of C$14.63 and a two-hundred day moving average price of C$13.82.

Choice Properties Real Est Invstmnt Trst Company Profile

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.