Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given New C$16.50 Price Target at Raymond James

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective upped by Raymond James from C$15.50 to C$16.50 in a report issued on Friday morning, BayStreet.CA reports.

A number of other analysts have also recently weighed in on CHP.UN. Desjardins increased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Monday, July 22nd. TD Securities raised their target price 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. BMO Capital Markets upped their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an outperform rating in a report on Monday, July 22nd. Scotiabank raised 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 report on Monday, July 22nd. Finally, Canaccord Genuity Group upped their price objective on Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.00 and gave the stock a buy rating in a research note on Monday, July 29th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of C$15.50.

Choice Properties Real Est Invstmnt Trst Stock Performance

CHP.UN stock opened at C$14.91 on Friday. The stock’s 50 day simple moving average is C$14.08 and its 200 day simple moving average is C$13.48. Choice Properties Real Est Invstmnt Trst has a 12-month low of C$11.79 and a 12-month high of C$15.10. The firm has a market cap of C$4.89 billion, a P/E ratio of 16.75 and a beta of 0.66. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71.

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.