Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives C$15.81 Average Price Target from Brokerages

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$15.81.

Several research firms recently issued reports on CHP.UN. 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 research note on Monday, January 13th. National Bankshares set a C$15.50 target price on Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research report on Friday, December 20th. 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. Finally, BMO Capital Markets upped their target price on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research report on Monday, October 28th.

Choice Properties Real Est Invstmnt Trst Trading Up 0.2 %

CHP.UN opened at C$12.88 on Friday. The firm’s 50 day moving average is C$13.50 and its 200-day moving average is C$14.03. Choice Properties Real Est Invstmnt Trst has a 52-week low of C$12.42 and a 52-week high of C$15.33. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The firm has a market capitalization of C$4.22 billion, a P/E ratio of 14.47 and a beta of 0.67.

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.