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

Chartwell Retirement Residences (TSE:CSH.UN) had its target price boosted by analysts at TD Securities from C$22.00 to C$23.00 in a report issued on Monday,BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 16.99% from the stock’s current price.

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

Chartwell Retirement Residences Trading Up 0.5%

CSH.UN opened at C$19.66 on Monday. The company has a quick ratio of 0.07, a current ratio of 0.43 and a debt-to-equity ratio of 192.20. Chartwell Retirement Residences has a 52 week low of C$14.71 and a 52 week high of C$21.08. The business’s 50 day moving average is C$19.89 and its two-hundred day moving average is C$18.72. The firm has a market cap of C$5.98 billion, a price-to-earnings ratio of 100.66 and a beta of 0.86.

About Chartwell Retirement Residences

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.