BMO Capital Sticks to Its Buy Rating for Chartwell Retire

By Carrie Williams

Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. BMO Capital’s analyst Heather Kirk reiterates their Buy rating on the shares of Chartwell Retire (TSX: CSH.UN), with a C$17.50 price target.

Kirk has an average return of 4.1% when recommending Chartwell Retire.

According to TipRanks.com, Kirk is ranked #465 out of 4706 analysts.

Currently, the analyst consensus on Chartwell Retire is Moderate Buy and the average price target is C$16.75, representing a 6.1% upside.

In a report issued on November 10, GMP FirstEnergy also reiterated a Buy rating on the stock with a C$17 price target.

Based on Chartwell Retire’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of C$205 million and quarterly net profit of C$10.23 million. In comparison, last year the company earned revenue of C$191 million and had a net profit of C$2.43 million.

Chartwell Retirement Residences is a real estate investment trust that engages in the ownership and operation of a range of seniors housing communities from independent supportive living through assisted living to long term care. It is also one of the participants in the seniors housing business in North America.

The company’s shares closed on Tuesday at C$15.78.