Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$15.50 at CIBC

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price lifted by CIBC from C$15.00 to C$15.50 in a report issued on Friday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 10.40% from the company’s previous close.

A number of other analysts have also issued reports on CHP.UN. 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 note on Monday, October 28th. Scotiabank boosted their target price 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. Canaccord Genuity Group increased their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the stock a “buy” rating in a report on Monday, September 16th. Desjardins upped their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Monday, July 22nd. Finally, Raymond James lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research note on Friday, September 6th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$15.81.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of TSE:CHP.UN traded down C$0.02 during midday trading on Friday, reaching C$14.04. 133,328 shares of the company’s stock traded hands, compared to its average volume of 398,317. The company has a market cap of C$4.60 billion, a P/E ratio of 15.78 and a beta of 0.67. The company has a fifty day simple moving average of C$14.76 and a two-hundred day simple moving average of C$13.78. 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, 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.