Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives C$15.94 Consensus Price Target from Brokerages

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have received a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$15.94.

A number of equities research analysts have weighed in on CHP.UN shares. Raymond James decreased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research note on Monday, January 13th. Scotiabank upped their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Finally, National Bankshares upgraded shares of Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$15.50 to C$16.00 in a research note on Monday, April 14th.

Choice Properties Real Est Invstmnt Trst Stock Performance

CHP.UN opened at C$14.69 on Friday. The stock’s 50 day simple moving average is C$14.15 and its 200-day simple moving average is C$13.82. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. The stock has a market cap of C$4.82 billion, a PE ratio of 16.51 and a beta of 0.67. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$12.42 and a 1 year high of C$15.33.

Choice Properties Real Est Invstmnt Trst Company Profile

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.