Scotiabank Issues Pessimistic Forecast for Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price reduced by stock analysts at Scotiabank from C$16.00 to C$15.50 in a report issued on Thursday,BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 19.97% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on CHP.UN. Raymond James reduced their price objective 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. CIBC lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Friday, November 8th. BMO Capital Markets upped their price objective on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th. Finally, 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 report on Friday, December 20th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Performance

Shares of Choice Properties Real Est Invstmnt Trst stock opened at C$12.92 on Thursday. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. The firm has a 50 day simple moving average of C$13.41 and a 200 day simple moving average of C$14.01. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$12.42 and a fifty-two week high of C$15.33. The firm has a market cap of C$4.24 billion, a P/E ratio of 14.52 and a beta of 0.67.

About Choice Properties Real Est Invstmnt Trst

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.