BMO Capital Markets Forecasts Strong Price Appreciation for Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price increased by BMO Capital Markets from C$15.50 to C$16.00 in a research report released on Monday morning, BayStreet.CA reports.

CHP.UN has been the topic of several other reports. Canaccord Genuity Group boosted their price objective on 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. Desjardins boosted 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. Raymond James lifted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research report on Friday, September 6th. Scotiabank upped their target price on shares of 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, TD Securities raised their target price on shares of 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. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.75.

Choice Properties Real Est Invstmnt Trst Stock Down 1.9 %

CHP.UN opened at C$14.18 on Monday. The stock has a market cap of C$4.65 billion, a price-to-earnings ratio of 16.11 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. The firm’s fifty day moving average is C$14.77 and its 200 day moving average is C$13.76. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$12.00 and a fifty-two week 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.