Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given New C$16.00 Price Target at Scotiabank

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price increased by Scotiabank from C$15.50 to C$16.00 in a research note published on Monday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the real estate investment trust’s stock.

CHP.UN has been the subject of a number of other research reports. Raymond James decreased their target price on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a report on Monday, January 13th. National Bankshares upgraded Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$15.50 to C$16.00 in a report on Monday, April 14th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Choice Properties Real Est Invstmnt Trst has a consensus rating of “Buy” and a consensus target price of C$15.94.

Choice Properties Real Est Invstmnt Trst Trading Down 2.3 %

CHP.UN opened at C$14.48 on Monday. The firm has a market capitalization of C$4.75 billion, a price-to-earnings ratio of 16.27 and a beta of 0.67. Choice Properties Real Est Invstmnt Trst has a one year low of C$12.42 and a one year high of C$15.33. The business has a 50 day simple moving average of C$14.04 and a two-hundred day simple moving average of C$13.83. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13.

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.