Scotiabank Boosts Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target to C$15.50

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target hoisted by Scotiabank from C$15.00 to C$15.50 in a report published on Monday, BayStreet.CA reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other research firms have also recently commented on CHP.UN. BMO Capital Markets boosted their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the stock an outperform rating in a report on Monday. Desjardins upped their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Monday. TD Securities lowered their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a report on Wednesday, April 24th. Raymond James set a C$15.00 target price on Choice Properties Real Est Invstmnt Trst and gave the stock an outperform rating in a report on Friday, June 14th. Finally, Canaccord Genuity Group raised Choice Properties Real Est Invstmnt Trst from a hold rating to a buy rating and set a C$14.50 target price for the company in a report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Choice Properties Real Est Invstmnt Trst has an average rating of Moderate Buy and a consensus target price of C$15.19.

Choice Properties Real Est Invstmnt Trst Price Performance

Choice Properties Real Est Invstmnt Trst stock opened at C$14.28 on Monday. The company has a debt-to-equity ratio of 268.38, a quick ratio of 0.13 and a current ratio of 0.16. Choice Properties Real Est Invstmnt Trst has a 52 week low of C$11.79 and a 52 week high of C$14.51. The stock has a market capitalization of C$4.68 billion, a P/E ratio of 15.52 and a beta of 0.65. The stock has a fifty day moving average of C$13.02 and a 200-day moving average of C$13.39.

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.