Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Share Price Passes Below 200-Day Moving Average - Should You Sell?

Choice Properties Real Est Invstmnt Trst logo with Real Estate background

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.02 and traded as low as C$12.94. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.00, with a volume of 383,678 shares traded.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. 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. CIBC boosted their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Friday, November 8th. Raymond James reduced their price objective on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research note on Monday, January 13th. Finally, BMO Capital Markets boosted their target price 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$15.81.

Check Out Our Latest Stock Report on Choice Properties Real Est Invstmnt Trst

Choice Properties Real Est Invstmnt Trst Trading Down 0.3 %

The company has a fifty day simple moving average of C$13.56 and a two-hundred day simple moving average of C$14.02. The company has a market capitalization of C$4.25 billion, a P/E ratio of 14.56 and a beta of 0.67. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13.

About Choice Properties Real Est Invstmnt Trst

(Get Free Report)

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.

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