Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given New C$16.00 Price Target at Raymond James

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target decreased by research analysts at Raymond James from C$16.50 to C$16.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 22.89% from the stock’s current price.

A number of other research firms also recently weighed in on CHP.UN. National Bankshares set a C$15.50 target price on Choice Properties Real Est Invstmnt Trst and gave the company a “sector perform” rating in a report on Friday, December 20th. BMO Capital Markets raised their price objective on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research note on Monday, October 28th. Canaccord Genuity Group raised their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, CIBC raised their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Performance

CHP.UN stock traded down C$0.09 during trading on Monday, reaching C$13.02. The stock had a trading volume of 125,713 shares, compared to its average volume of 274,238. Choice Properties Real Est Invstmnt Trst has a 52 week low of C$12.42 and a 52 week high of C$15.33. The stock’s 50 day moving average is C$13.70 and its two-hundred day moving average is C$14.00. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. The firm has a market cap of C$4.27 billion, a PE ratio of 14.63 and a beta of 0.67.

Choice Properties Real Est Invstmnt Trst Company Profile

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick.