Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives C$15.88 Consensus Target Price from Brokerages

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$15.88.

A number of equities analysts recently weighed in on CHP.UN shares. CIBC raised their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Friday, November 8th. National Bankshares set a C$15.50 price objective on shares of Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a report on Friday, December 20th. Canaccord Genuity Group increased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the company a “buy” rating in a report on Monday, September 16th. BMO Capital Markets boosted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research note on Monday, October 28th. Finally, Raymond James raised their price objective on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research note on Friday, September 6th.

Choice Properties Real Est Invstmnt Trst Stock Performance

Shares of CHP.UN opened at C$13.48 on Monday. Choice Properties Real Est Invstmnt Trst has a 12-month low of C$12.42 and a 12-month high of C$15.33. 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 company has a market cap of C$4.42 billion, a PE ratio of 15.15 and a beta of 0.67. The stock has a 50-day moving average price of C$13.81 and a 200-day moving average price of C$13.97.

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.