Scotiabank Forecasts Strong Price Appreciation for Chartwell Retirement Residences (TSE:CSH.UN) Stock

Chartwell Retirement Residences (TSE:CSH.UN) had its price objective hoisted by equities researchers at Scotiabank from C$22.00 to C$24.00 in a note issued to investors on Monday,BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 22.08% from the stock’s current price.

A number of other research analysts have also recently weighed in on CSH.UN. Desjardins lifted their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 and gave the company a “buy” rating in a research report on Monday, August 11th. National Bankshares raised their target price on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their target price on shares of Chartwell Retirement Residences from C$20.00 to C$21.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Finally, TD Securities upped their price target on shares of Chartwell Retirement Residences from C$22.00 to C$23.00 in a research report on Monday. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences presently has a consensus rating of “Buy” and an average target price of C$22.44.

Chartwell Retirement Residences Stock Up 0.5%

Shares of TSE:CSH.UN opened at C$19.66 on Monday. The stock has a 50-day simple moving average of C$19.89 and a 200-day simple moving average of C$18.72. The stock has a market capitalization of C$5.98 billion, a P/E ratio of 100.66 and a beta of 0.86. Chartwell Retirement Residences has a 1 year low of C$14.71 and a 1 year high of C$21.08. The company has a debt-to-equity ratio of 192.20, a quick ratio of 0.07 and a current ratio of 0.43.

Chartwell Retirement Residences Company Profile

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.