CIBC Forecasts Strong Price Appreciation for Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target lifted by stock analysts at CIBC from C$15.00 to C$15.50 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 10.40% from the company’s current price.

Several other equities analysts have also recently commented on CHP.UN. Canaccord Genuity Group boosted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the company a “buy” rating in a research report on Monday, September 16th. BMO Capital Markets boosted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research note on Monday, October 28th. Raymond James boosted their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research note on Friday, September 6th. TD Securities raised their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Scotiabank raised their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Choice Properties Real Est Invstmnt Trst presently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Down 0.1 %

CHP.UN stock traded down C$0.02 during midday trading on Friday, hitting C$14.04. The company’s stock had a trading volume of 133,328 shares, compared to its average volume of 398,317. Choice Properties Real Est Invstmnt Trst has a twelve month low of C$12.42 and a twelve month high of C$15.33. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. The company’s fifty day moving average price is C$14.76 and its 200 day moving average price is C$13.78. The stock has a market capitalization of C$4.60 billion, a P/E ratio of 15.78 and a beta of 0.67.

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.