BMO Capital Markets Increases Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target to C$16.00

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price raised by stock analysts at BMO Capital Markets from C$15.50 to C$16.00 in a research note issued to investors on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 10.34% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Desjardins raised 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 Monday, July 22nd. Raymond James lifted their target price on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research note on Friday, September 6th. Scotiabank increased their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. TD Securities boosted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, Canaccord Genuity Group upped their price objective 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 note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Choice Properties Real Est Invstmnt Trst presently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.75.

Choice Properties Real Est Invstmnt Trst Stock Performance

Shares of CHP.UN opened at C$14.50 on Monday. The stock has a market capitalization of C$4.75 billion, a PE ratio of 16.29 and a beta of 0.67. The business’s fifty day moving average price is C$14.76 and its 200 day moving average price is C$13.75. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. Choice Properties Real Est Invstmnt Trst has a 12-month low of C$11.79 and a 12-month high of C$15.33.

Choice Properties Real Est Invstmnt Trst Company Profile

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.