Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.97 and traded as low as C$13.81. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.82, with a volume of 420,076 shares traded.

Analyst Upgrades and Downgrades

CHP.UN has been the topic of a number of analyst reports. National Bankshares set a C$15.50 target price on Choice Properties Real Est Invstmnt Trst and gave the company a “sector perform” rating in a research report on Friday, December 20th. Scotiabank dropped their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a report on Thursday, January 30th. Finally, Raymond James reduced their target price on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$15.81.

Choice Properties Real Est Invstmnt Trst Price Performance

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 stock has a market capitalization of C$4.53 billion, a price-to-earnings ratio of 15.53 and a beta of 0.67. The stock has a 50 day moving average price of C$13.50 and a 200-day moving average price of C$13.97.

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.