Chartwell Retirement Residences (TSE:CSH.UN) Given a C$20.50 Price Target at Canaccord Genuity Group

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) has been assigned a C$20.50 price objective by investment analysts at Canaccord Genuity Group in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's target price suggests a potential upside of 29.42% from the company's current price.

Several other research firms have also recently commented on CSH.UN. CIBC raised their price target on shares of Chartwell Retirement Residences from C$19.00 to C$20.00 in a report on Monday, March 3rd. TD Securities lifted their price objective on Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, BMO Capital Markets upped their target price on Chartwell Retirement Residences from C$18.00 to C$19.00 in a research report on Monday, March 3rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Chartwell Retirement Residences has an average rating of "Buy" and an average price target of C$18.00.

Chartwell Retirement Residences Trading Down 2.9 %

Shares of TSE CSH.UN traded down C$0.48 during mid-day trading on Thursday, hitting C$15.84. 547,064 shares of the company traded hands, compared to its average volume of 354,920. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. Chartwell Retirement Residences has a 1 year low of C$12.15 and a 1 year high of C$17.69. The stock has a market capitalization of C$4.30 billion, a price-to-earnings ratio of -93.18 and a beta of 1.12. The business has a 50 day moving average of C$16.57 and a two-hundred day moving average of C$15.89.

About Chartwell Retirement Residences

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.