Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$13.99 and traded as low as C$13.72. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.72, with a volume of 640,359 shares trading hands.

Analyst Ratings Changes

Several brokerages have commented on CHP.UN. National Bankshares set a C$15.50 target price on shares of Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a report on Friday, December 20th. Raymond James dropped their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a report on Monday, January 13th. Finally, Scotiabank dropped their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a report on Thursday, January 30th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Up 0.9 %

The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. The firm’s 50 day moving average is C$13.41 and its two-hundred day moving average is C$13.99. The firm has a market capitalization of C$4.54 billion, a P/E ratio of 15.55 and a beta of 0.67.

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.