Chartwell Retirement Residences (TSE:CSH.UN) Stock Passes Above 50-Day Moving Average of $15.31
Chartwell Retirement Residences (TSE:CSH.UN)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.31 and traded as high as $15.56. Chartwell Retirement Residences shares last traded at $15.37, with a volume of 363,505 shares.
Several research firms recently issued reports on CSH.UN. National Bank Financial downgraded shares of WestJet Airlines from a “reduce” rating to a “tender” rating and lifted their price target for the stock from C$22.00 to C$31.00 in a research note on Monday, May 13th. CIBC boosted their target price on shares of NorthWest Health Prop Real Est Inv Trust from C$11.75 to C$12.00 in a research report on Monday, May 13th. BMO Capital Markets reissued a “hold” rating on shares of Royal Bank of Canada in a research report on Thursday, May 23rd. Finally, TD Securities dropped their target price on shares of Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a “reduce” rating for the company in a research report on Monday, May 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Chartwell Retirement Residences currently has a consensus rating of “Buy” and an average price target of C$16.50.
The firm has a 50-day moving average price of C$15.34. The company has a market capitalization of $3.30 billion and a P/E ratio of 183.53. The company has a debt-to-equity ratio of 245.50, a quick ratio of 0.08 and a current ratio of 0.12.
Chartwell is an unincorporated, open-ended trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces.
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