Raymond James Lowers Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target to C$16.00

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target cut by analysts at Raymond James from C$16.50 to C$16.00 in a report released on Monday,BayStreet.CA reports. Raymond James’ target price indicates a potential upside of 23.17% from the stock’s previous close.

Several other brokerages have also recently weighed in 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 note on Friday, December 20th. BMO Capital Markets upped their target price 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. 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. Finally, Canaccord Genuity Group boosted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the stock a “buy” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Down 0.2 %

CHP.UN stock opened at C$12.99 on Monday. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$12.42 and a fifty-two week high of C$15.33. The company has a market capitalization of C$4.26 billion, a price-to-earnings ratio of 14.60 and a beta of 0.67. The business’s 50 day moving average price is C$13.68 and its two-hundred day moving average price is C$14.01. 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 Company Profile

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.