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

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has received a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$15.88.

Several research analysts have recently commented on the company. TD Securities lifted their price target on 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. Raymond James lifted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research note on Friday, September 6th. CIBC increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Friday, November 8th. Canaccord Genuity Group lifted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, National Bankshares set a C$15.50 price objective on Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research report on Friday, December 20th.

Choice Properties Real Est Invstmnt Trst Stock Performance

Shares of Choice Properties Real Est Invstmnt Trst stock opened at C$13.49 on Monday. The business’s 50 day moving average price is C$13.94 and its 200 day moving average price is C$13.96. The company has a market cap of C$4.42 billion, a price-to-earnings ratio of 15.16 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 one year low of C$12.42 and a one year high of C$15.33.

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.