Chartwell Retirement Residences (TSE:CSH.UN) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Chartwell Retirement Residences (TSE:CSH.UN) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$19.99 and traded as high as C$22.07. Chartwell Retirement Residences shares last traded at C$21.88, with a volume of 977,416 shares traded.

Wall Street Analysts Forecast Growth

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

Chartwell Retirement Residences Price Performance

The company’s 50-day simple moving average is C$20.78 and its 200-day simple moving average is C$19.99. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The stock has a market capitalization of C$6.65 billion, a price-to-earnings ratio of 255.21 and a beta of 0.72.

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.