Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$16.50 at Canaccord Genuity Group

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective hoisted by Canaccord Genuity Group from C$15.00 to C$16.50 in a research report sent to investors on Monday, BayStreet.CA reports. The firm currently has a buy rating on the real estate investment trust’s stock.

CHP.UN has been the topic of several other research reports. TD Securities upped 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 note on Wednesday, September 4th. Raymond James increased 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. Desjardins boosted their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Monday, July 22nd. Scotiabank increased their price objective 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. Finally, BMO Capital Markets increased their price objective 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of C$15.69.

Choice Properties Real Est Invstmnt Trst Stock Performance

CHP.UN opened at C$15.18 on Monday. Choice Properties Real Est Invstmnt Trst has a 52-week low of C$11.79 and a 52-week high of C$15.33. The firm has a market capitalization of C$4.98 billion, a PE ratio of 17.06 and a beta of 0.66. 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 business’s 50-day simple moving average is C$14.39 and its 200 day simple moving average is C$13.56.

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.