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

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target decreased by investment analysts at Raymond James from C$16.50 to C$16.00 in a research report issued on Monday,BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 22.89% from the company’s current price.

CHP.UN has been the subject of a number of other research reports. CIBC lifted their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Friday, November 8th. Canaccord Genuity Group boosted their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the company a “buy” rating in a research report on Monday, September 16th. National Bankshares set a C$15.50 price objective on Choice Properties Real Est Invstmnt Trst and gave the company a “sector perform” rating in a report on Friday, December 20th. Finally, BMO Capital Markets boosted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Choice Properties Real Est Invstmnt Trst currently has an average rating of “Moderate Buy” and an average target price of C$15.81.

Choice Properties Real Est Invstmnt Trst Price Performance

TSE CHP.UN traded down C$0.09 during trading on Monday, hitting C$13.02. 125,713 shares of the stock traded hands, compared to its average volume of 274,238. The company has a market capitalization of C$4.27 billion, a P/E ratio of 14.63 and a beta of 0.67. The firm has a 50-day simple moving average of C$13.70 and a 200-day simple moving average of C$14.00. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. Choice Properties Real Est Invstmnt Trst has a 12-month low of C$12.42 and a 12-month high of C$15.33.

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.