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Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Choice Properties Real Est Invstmnt Trst logo with Real Estate background
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Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.97 and traded as low as C$13.81. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.82, with a volume of 420,076 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently weighed in on CHP.UN. Scotiabank reduced their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research report on Thursday, January 30th. Raymond James dropped their price target on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research report on Monday, January 13th. Finally, 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 research report on Friday, December 20th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$15.81.

Get Our Latest Stock Report on Choice Properties Real Est Invstmnt Trst

Choice Properties Real Est Invstmnt Trst Price Performance

The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. The firm has a fifty day simple moving average of C$13.55 and a 200 day simple moving average of C$13.96. The company has a market capitalization of C$4.58 billion, a PE ratio of 15.69 and a beta of 0.67.

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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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