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

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.99 and traded as low as C$13.87. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.00, with a volume of 369,992 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CHP.UN. National Bankshares set a C$15.50 price target on Choice Properties Real Est Invstmnt Trst and gave the company a “sector perform” rating in a research note on Friday, December 20th. CIBC increased their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Friday, November 8th. Scotiabank decreased their price target on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research note on Thursday, January 30th. Finally, Raymond James decreased their price target on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$15.81.

Choice Properties Real Est Invstmnt Trst Price Performance

The business has a 50-day moving average price of C$13.33 and a 200 day moving average price of C$13.99. The company has a market cap of C$4.59 billion, a price-to-earnings ratio of 15.73 and a beta of 0.67. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71.

Choice Properties Real Est Invstmnt Trst Company Profile

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.