Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$15.81.

Several equities analysts have recently commented on the stock. CIBC boosted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Friday, November 8th. 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. BMO Capital Markets boosted their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research note on Monday, October 28th. Finally, Raymond James cut their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research report on Monday, January 13th.

Choice Properties Real Est Invstmnt Trst Trading Down 0.2 %

Shares of TSE:CHP.UN opened at C$12.86 on Friday. The company has a 50 day moving average price of C$13.52 and a 200 day moving average price of C$14.01. The stock has a market capitalization of C$4.22 billion, a price-to-earnings ratio of 14.45 and a beta of 0.67. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. Choice Properties Real Est Invstmnt Trst has a 1-year low of C$12.42 and a 1-year high of C$15.33.

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.