Chartwell Retirement Residences (OTCMKTS:CWSRF) Stock Price Up 0.2% – Should You Buy?

Chartwell Retirement Residences (OTCMKTS:CWSRF)’s stock price was up 0.2% on Thursday . The company traded as high as $16.53 and last traded at $16.53. Approximately 48,600 shares traded hands during trading, an increase of 69% from the average session volume of 28,774 shares. The stock had previously closed at $16.50.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. TD Securities reissued a “buy” rating on shares of Chartwell Retirement Residences in a report on Monday, May 11th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 11th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Chartwell Retirement Residences Stock Performance

The firm’s 50-day simple moving average is $15.43 and its 200 day simple moving average is $15.28.

Chartwell Retirement Residences Company Profile

Chartwell Retirement Residences (OTCMKTS: CWSRF) is one of Canada’s largest providers of seniors housing, offering a range of retirement living options and care services. Headquartered in Mississauga, Ontario, the company develops, owns and operates retirement communities across multiple provinces, catering to the evolving needs of older adults seeking independent living, assisted living, memory care and long-term care.

The company’s portfolio includes more than 150 retirement residences that deliver hospitality-style services such as chef-prepared meals, housekeeping, dining and recreation programs.