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

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective cut by Scotiabank from C$16.00 to C$15.50 in a report released on Thursday morning,BayStreet.CA reports.

A number of other research firms have also recently weighed in on CHP.UN. National Bankshares set a C$15.50 price target on Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a report on Friday, December 20th. Raymond James reduced their price target on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a report on Monday, January 13th. BMO Capital Markets upped their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th. Finally, CIBC upped their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Choice Properties Real Est Invstmnt Trst presently has an average rating of “Moderate Buy” and an average price target of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Performance

Shares of CHP.UN stock opened at C$12.97 on Thursday. The stock has a market cap of C$4.25 billion, a PE ratio of 14.57 and a beta of 0.67. The business has a 50-day simple moving average of C$13.43 and a 200-day simple moving average of C$14.01. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. Choice Properties Real Est Invstmnt Trst has a 52-week low of C$12.42 and a 52-week high of C$15.33.

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.