Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$15.88.

A number of analysts have commented on CHP.UN shares. BMO Capital Markets lifted their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research report on Monday, October 28th. Raymond James lifted their target price on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a report on Friday, September 6th. TD Securities increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Canaccord Genuity Group raised their price target on shares of 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. Finally, CIBC upped their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Friday, November 8th.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of CHP.UN stock opened at C$13.49 on Monday. 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 company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. The firm has a market capitalization of C$4.42 billion, a price-to-earnings ratio of 15.16 and a beta of 0.67. The stock’s 50-day simple moving average is C$13.94 and its 200-day simple moving average is C$13.96.

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.