National Bankshares Reiterates C$15.50 Price Target for Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has been assigned a C$15.50 price objective by stock analysts at National Bankshares in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. National Bankshares’ price target would indicate a potential upside of 16.10% from the stock’s current price.

A number of other analysts also recently weighed in on CHP.UN. Canaccord Genuity Group boosted their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the stock a “buy” rating in a research report on Monday, September 16th. BMO Capital Markets boosted their target price on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research note on Monday, October 28th. CIBC boosted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research report on Friday, November 8th. TD Securities increased their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Raymond James increased their price objective on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Choice Properties Real Est Invstmnt Trst has a consensus rating of “Moderate Buy” and an average target price of C$15.88.

Choice Properties Real Est Invstmnt Trst Stock Performance

Shares of CHP.UN opened at C$13.35 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. The stock has a 50-day moving average price of C$14.05 and a 200-day moving average price of C$13.93. The company has a market cap of C$4.38 billion, a PE ratio of 15.00 and a beta of 0.67. Choice Properties Real Est Invstmnt Trst has a 12-month low of C$12.42 and a 12-month high of C$15.33.

About Choice Properties Real Est Invstmnt Trst

Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high quality portfolio comprising 756 properties totaling 67.7 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominantly leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an unmatched development pipeline.