Chartwell Retirement Residences (TSE:CSH.UN) Price Target Raised to C$15.00 at Scotiabank

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) had its target price lifted by Scotiabank from C$14.00 to C$15.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Scotiabank's price objective suggests a potential upside of 16.73% from the stock's previous close.

Several other brokerages have also recently weighed in on CSH.UN. TD Securities set a C$16.00 price target on shares of Chartwell Retirement Residences and gave the stock a "buy" rating in a research report on Friday. CIBC boosted their price objective on shares of Chartwell Retirement Residences from C$14.00 to C$15.00 in a research note on Monday, March 11th. Finally, Royal Bank of Canada increased their target price on Chartwell Retirement Residences from C$14.00 to C$15.00 and gave the company an "outperform" rating in a research report on Thursday, May 16th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$14.75.

Chartwell Retirement Residences Stock Up 0.8 %

Shares of CSH.UN stock traded up C$0.10 on Friday, hitting C$12.85. The stock had a trading volume of 495,284 shares, compared to its average volume of 425,343. The company has a quick ratio of 0.07, a current ratio of 0.44 and a debt-to-equity ratio of 275.11. Chartwell Retirement Residences has a one year low of C$9.06 and a one year high of C$12.99. The business has a 50 day moving average price of C$12.62 and a 200 day moving average price of C$12.23. The company has a market cap of C$3.11 billion, a PE ratio of -61.19 and a beta of 1.12.

About Chartwell Retirement Residences

Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.