Chartwell Retirement Residences (TSE:CSH.UN) Given New C$19.00 Price Target at CIBC

Chartwell Retirement Residences (TSE:CSH.UN) had its price target raised by CIBC from C$16.50 to C$19.00 in a report issued on Monday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 18.60% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. National Bankshares boosted their price objective on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Desjardins lifted their target price on Chartwell Retirement Residences from C$15.50 to C$16.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Scotiabank boosted their price target on Chartwell Retirement Residences from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Royal Bank of Canada boosted their price target on Chartwell Retirement Residences from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, TD Securities upped their target price on Chartwell Retirement Residences from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Monday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$17.08.

Chartwell Retirement Residences Trading Up 0.4 %

Shares of Chartwell Retirement Residences stock traded up C$0.06 on Monday, reaching C$16.02. The company had a trading volume of 96,500 shares, compared to its average volume of 398,052. The firm has a market cap of C$4.35 billion, a price-to-earnings ratio of -94.24 and a beta of 1.12. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The firm’s 50-day moving average price is C$15.47 and its two-hundred day moving average price is C$14.01. Chartwell Retirement Residences has a 1 year low of C$10.64 and a 1 year high of C$16.16.

Insider Transactions at Chartwell Retirement Residences

In other news, Director Vlad Volodarski sold 31,872 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$15.77, for a total value of C$502,627.81. Company insiders own 0.55% of the company’s stock.

About Chartwell Retirement Residences

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.