Canaccord Genuity Group Increases Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target to C$16.50

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price lifted by analysts at Canaccord Genuity Group from C$15.00 to C$16.50 in a report released on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 8.98% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Scotiabank raised their price objective 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. Raymond James raised their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research report on Friday, September 6th. BMO Capital Markets lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Desjardins upped their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Monday, July 22nd. Finally, TD Securities increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$15.69.

Choice Properties Real Est Invstmnt Trst Stock Performance

Shares of TSE:CHP.UN traded down C$0.10 during trading on Monday, reaching C$15.14. The company had a trading volume of 94,672 shares, compared to its average volume of 407,157. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. The firm has a market capitalization of C$4.96 billion, a price-to-earnings ratio of 17.03 and a beta of 0.66. The stock’s fifty day moving average price is C$14.24 and its 200 day moving average price is C$13.52. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$11.79 and a fifty-two week high of C$15.33.

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.