Chartwell Retirement Residences (TSE:CSH.UN) Sets New 52-Week High – What’s Next?

Chartwell Retirement Residences (TSE:CSH.UN) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$21.65 and last traded at C$21.64, with a volume of 39016 shares traded. The stock had previously closed at C$21.41.

Wall Street Analysts Forecast Growth

CSH.UN has been the subject of a number of research analyst reports. Scotiabank boosted their price target on Chartwell Retirement Residences from C$22.00 to C$24.00 in a report on Monday, November 10th. TD Securities lifted their target price on Chartwell Retirement Residences from C$22.00 to C$23.00 in a research report on Monday, November 10th. Canaccord Genuity Group increased their target price on shares of Chartwell Retirement Residences from C$21.00 to C$22.50 in a report on Monday, November 10th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a report on Tuesday, November 11th. Five equities 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 an average target price of C$22.44.

Chartwell Retirement Residences Trading Up 2.2%

The stock has a fifty day moving average of C$20.57 and a two-hundred day moving average of C$19.86. The company has a market capitalization of C$6.65 billion, a PE ratio of 255.32 and a beta of 0.72. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences (TSE:CSH.UN) last issued its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$285.26 million for the quarter. Chartwell Retirement Residences had a net margin of 17.92% and a negative return on equity of 4.61%. As a group, sell-side analysts anticipate that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

Chartwell Retirement Residences Company Profile

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.