Chartwell Retirement Residences (OTCMKTS:CWSRF) Shares Up 4.3% – Here’s What Happened

Chartwell Retirement Residences (OTCMKTS:CWSRF) shares shot up 4.3% on Friday . The company traded as high as $13.17 and last traded at $13.17. 13,801 shares were traded during trading, an increase of 109% from the average session volume of 6,600 shares. The stock had previously closed at $12.63.

Analysts Set New Price Targets

A number of analysts recently issued reports on CWSRF shares. Royal Bank of Canada reiterated an “outperform” rating on shares of Chartwell Retirement Residences in a report on Monday, March 3rd. BMO Capital Markets restated an “outperform” rating on shares of Chartwell Retirement Residences in a research note on Monday, March 3rd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Chartwell Retirement Residences in a research report on Monday, March 3rd.

Chartwell Retirement Residences Stock Performance

The firm’s 50 day simple moving average is $11.87 and its 200 day simple moving average is $11.38.

About Chartwell Retirement Residences

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long term care.