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

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$15.81.

A number of brokerages have recently issued reports on CHP.UN. National Bankshares set a C$15.50 price target on Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research report on Friday, December 20th. 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 report on Monday, January 13th. BMO Capital Markets increased their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research report on Monday, October 28th. Finally, CIBC raised 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.

Choice Properties Real Est Invstmnt Trst Trading Down 0.7 %

TSE CHP.UN opened at C$12.88 on Friday. Choice Properties Real Est Invstmnt Trst has a one year low of C$12.42 and a one year 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 company has a market capitalization of C$4.22 billion, a price-to-earnings ratio of 14.47 and a beta of 0.67. The company’s 50-day simple moving average is C$13.47 and its two-hundred day simple moving average is C$14.02.

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.