Scotiabank Lowers Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target to C$15.50

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Free Report) had its price objective reduced by Scotiabank from C$16.00 to C$15.50 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. Raymond James dropped their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a report on Monday, January 13th. National Bankshares set a C$15.50 target price on shares of Choice Properties Real Est Invstmnt Trst and gave the stock a "sector perform" rating in a report on Friday, December 20th. 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. Finally, CIBC increased 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Performance

Shares of Choice Properties Real Est Invstmnt Trst stock traded up C$0.01 during trading on Thursday, hitting C$12.93. 616,974 shares of the company's stock traded hands, compared to its average volume of 407,518. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$12.42 and a 1 year high of C$15.33. The business has a 50-day simple moving average of C$13.41 and a 200-day simple moving average of C$14.03. The stock has a market capitalization of C$4.24 billion, a P/E ratio of 14.53 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.

Choice Properties Real Est Invstmnt Trst Company Profile

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.