National Bank Financial Boosts Chartwell Retirement Residences (TSE:CSH.UN) Price Target to C$26.50

Chartwell Retirement Residences (TSE:CSH.UN) had its target price upped by stock analysts at National Bank Financial from C$25.25 to C$26.50 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 25.12% from the company’s previous close.

CSH.UN has been the subject of several other research reports. TD upped their target price on Chartwell Retirement Residences from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Monday. Desjardins upped their target price on Chartwell Retirement Residences from C$23.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. TD Securities upped their target price on Chartwell Retirement Residences from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. BMO Capital Markets upped their target price on Chartwell Retirement Residences from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Finally, Canaccord Genuity Group raised their target price on Chartwell Retirement Residences from C$22.50 to C$24.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$25.82.

Chartwell Retirement Residences Stock Down 2.1%

TSE:CSH.UN traded down C$0.45 during mid-day trading on Monday, hitting C$21.18. The company had a trading volume of 344,489 shares, compared to its average volume of 405,577. Chartwell Retirement Residences has a 1 year low of C$17.20 and a 1 year high of C$23.21. The business has a fifty day simple moving average of C$21.05 and a 200-day simple moving average of C$20.75. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20. The firm has a market capitalization of C$6.87 billion, a price-to-earnings ratio of -33,512.66 and a beta of 0.82.

Chartwell Retirement Residences (TSE:CSH.UN) last issued its earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%.The company had revenue of C$314.65 million during the quarter. Equities analysts forecast that Chartwell Retirement Residences will post 0.1237392 earnings per share for the current fiscal year.

About Chartwell Retirement Residences

Chartwell is in the business of serving and caring for Canada’s seniors, committed to its vision of Making People’s Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.