Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$15.81.

Several research analysts recently weighed in on the company. Raymond James dropped their target price on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research note on Monday, January 13th. Scotiabank dropped their price target on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research note on Thursday, January 30th. Finally, National Bankshares set a C$15.50 price objective on shares of Choice Properties Real Est Invstmnt Trst and gave the company a “sector perform” rating in a research report on Friday, December 20th.

Choice Properties Real Est Invstmnt Trst Stock Performance

Shares of TSE:CHP.UN opened at C$13.96 on Friday. The company has a market capitalization of C$4.58 billion, a price-to-earnings ratio of 15.69 and a beta of 0.67. 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 company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The firm has a 50 day moving average of C$13.49 and a 200 day moving average of C$13.98.

About Choice Properties Real Est Invstmnt Trst

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.