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

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price lowered by Raymond James from C$16.50 to C$16.00 in a report released on Monday,BayStreet.CA reports.

Several other equities analysts have also issued reports on CHP.UN. Canaccord Genuity Group increased their target price 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. BMO Capital Markets increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research report on Monday, October 28th. 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 note on Friday, December 20th. Finally, CIBC upped their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Up 1.3 %

TSE:CHP.UN opened at C$13.16 on Monday. 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 fifty day moving average is C$13.65 and its two-hundred day moving average is C$14.00. The stock has a market capitalization of C$4.31 billion, a price-to-earnings ratio of 14.79 and a beta of 0.67. 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 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.