Brokerages Set Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Target Price at C$15.81

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$15.81.

Several research firms recently weighed in on CHP.UN. National Bankshares set a C$15.50 price objective on shares of Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research note on Friday, December 20th. Scotiabank reduced their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research note on Thursday, January 30th. Finally, Raymond James reduced their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research note on Monday, January 13th.

Choice Properties Real Est Invstmnt Trst Stock Up 1.3 %

Shares of TSE CHP.UN opened at C$14.02 on Friday. The firm has a market capitalization of C$4.60 billion, a PE ratio of 15.75 and a beta of 0.67. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$12.42 and a 1 year high of C$15.33. The firm’s 50-day moving average is C$13.43 and its 200-day moving average is C$13.99.

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.