trending Market Intelligence /marketintelligence/en/news-insights/trending/NHbxKD7YHY3zr4bihun6iQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

CIBC World Markets Corp. cuts Chartwell Retirement to 'sector performer'

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

CIBC World Markets Corp. cuts Chartwell Retirement to 'sector performer'

CIBCWorld Markets Corp. analyst Yashwant Sankpal cut his investment opinionof Chartwell RetirementResidences to "sector performer" from "sectoroutperformer," and increased his price target to C$14.50 from C$14.

The analyst wrote in a research report: "While wecontinue to believe that CSH units is the best way to get exposure to Canada'saging population / healthcare trends, and CSH's business is well positioned todominate its space, we feel that the current valuation level is rich (new P/FTMFFO of 16x, in line with CSH's average multiple of last 12 months), and anentry at this level would not generate more than 10% in total returns over thenext 12-18 months. There are other opportunities in the Canadian REIT spacethat can generate better returns on a risk-adjusted basis."