Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.02 and traded as low as C$13.64. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.65, with a volume of 657,647 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Raymond James cut their price objective on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research report on Monday, January 13th. BMO Capital Markets increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research report on Monday, October 28th. National Bankshares set a C$15.50 price objective on shares of Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research report on Friday, December 20th. Scotiabank reduced their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research report on Thursday, January 30th. Finally, CIBC lifted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Friday, November 8th. One equities research 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Performance

The firm has a market capitalization of C$4.48 billion, a P/E ratio of 15.34 and a beta of 0.67. The company has a 50-day simple moving average of C$13.29 and a two-hundred day simple moving average of C$14.02. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70.

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.