Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given New C$16.50 Price Target at Raymond James

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price upped by analysts at Raymond James from C$15.50 to C$16.50 in a note issued to investors on Friday, BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 10.81% from the stock’s current price.

A number of other equities analysts also recently commented on CHP.UN. Scotiabank raised their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Canaccord Genuity Group boosted their price objective on Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. BMO Capital Markets upped their target price on 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. Desjardins raised their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Monday, July 22nd. Finally, TD Securities upped their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$15.50.

Choice Properties Real Est Invstmnt Trst Trading Down 0.3 %

TSE CHP.UN traded down C$0.05 during mid-day trading on Friday, hitting C$14.89. The company’s stock had a trading volume of 199,008 shares, compared to its average volume of 403,919. The firm has a market capitalization of C$4.88 billion, a P/E ratio of 16.74 and a beta of 0.66. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. Choice Properties Real Est Invstmnt Trst has a 52-week low of C$11.79 and a 52-week high of C$15.10. The stock’s fifty day simple moving average is C$13.99 and its two-hundred day simple moving average is C$13.46.

About Choice Properties Real Est Invstmnt Trst

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.