Scotiabank Has Lowered Expectations for Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective cut by research analysts at Scotiabank from C$16.00 to C$15.50 in a research report issued on Thursday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 19.32% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. National Bankshares set a C$15.50 target price 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. CIBC increased their price objective 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. BMO Capital Markets increased their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research note on Monday, October 28th. Finally, Raymond James lowered their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the 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 Performance

CHP.UN traded up C$0.10 during midday trading on Thursday, hitting C$12.99. 115,939 shares of the company traded hands, compared to its average volume of 381,461. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The firm has a market capitalization of C$4.26 billion, a PE ratio of 14.60 and a beta of 0.67. The company’s 50-day moving average is C$13.45 and its 200 day moving average is C$14.01. 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.