Chartwell Retirement Residences (OTCMKTS:CWSRF) Shares Up 0.2% – Should You Buy?

Chartwell Retirement Residences (OTCMKTS:CWSRF)’s stock price shot up 0.2% during trading on Thursday . The company traded as high as $16.53 and last traded at $16.53. Approximately 48,600 shares changed hands during trading, an increase of 69% from the average daily volume of 28,774 shares. The stock had previously closed at $16.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Securities restated a “buy” rating on shares of Chartwell Retirement Residences in a research report on Monday, May 11th. BMO Capital Markets reissued an “outperform” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Chartwell Retirement Residences in a research report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, Chartwell Retirement Residences presently has an average rating of “Buy”.

Chartwell Retirement Residences Price Performance

The company’s 50-day moving average price is $15.45 and its 200 day moving average price is $15.29.

About Chartwell Retirement Residences

Chartwell Retirement Residences (OTCMKTS: CWSRF) is one of Canada’s largest providers of seniors housing, offering a range of retirement living options and care services. Headquartered in Mississauga, Ontario, the company develops, owns and operates retirement communities across multiple provinces, catering to the evolving needs of older adults seeking independent living, assisted living, memory care and long-term care.

The company’s portfolio includes more than 150 retirement residences that deliver hospitality-style services such as chef-prepared meals, housekeeping, dining and recreation programs.