Chartwell Retirement Residences (TSE:CSH.UN) Stock Passes Above 200-Day Moving Average – Should You Sell?

Chartwell Retirement Residences (TSE:CSH.UN)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$19.81 and traded as high as C$21.52. Chartwell Retirement Residences shares last traded at C$21.41, with a volume of 657,990 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CSH.UN. Canaccord Genuity Group lifted their price target on shares of Chartwell Retirement Residences from C$21.00 to C$22.50 in a report on Monday, November 10th. Canadian Imperial Bank of Commerce raised their target price on shares of Chartwell Retirement Residences from C$21.00 to C$22.00 in a research report on Tuesday, November 11th. TD Securities boosted their price target on shares of Chartwell Retirement Residences from C$22.00 to C$23.00 in a research report on Monday, November 10th. Finally, Scotiabank increased their price target on shares of Chartwell Retirement Residences from C$22.00 to C$24.00 in a research note on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chartwell Retirement Residences presently has a consensus rating of “Buy” and an average price target of C$22.44.

Chartwell Retirement Residences Stock Performance

The company has a market capitalization of C$6.51 billion, a P/E ratio of 249.73 and a beta of 0.72. The company’s 50 day moving average is C$20.53 and its 200-day moving average is C$19.81. The company has a current ratio of 0.43, a quick ratio of 0.07 and a debt-to-equity ratio of 192.20.

Chartwell Retirement Residences (TSE:CSH.UN) last posted its quarterly earnings data on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. Chartwell Retirement Residences had a negative return on equity of 4.61% and a net margin of 17.92%.The business had revenue of C$285.26 million for the quarter. Equities analysts anticipate that Chartwell Retirement Residences will post 0.1237392 EPS for the current fiscal year.

Chartwell Retirement Residences Company Profile

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.