Chartwell Retirement Residences (OTCMKTS:CWSRF) Stock Price Up 1.6% – What’s Next?

Chartwell Retirement Residences (OTCMKTS:CWSRF)’s share price shot up 1.6% during mid-day trading on Thursday . The company traded as high as $15.24 and last traded at $15.24. 152,159 shares traded hands during trading, an increase of 727% from the average session volume of 18,392 shares. The stock had previously closed at $15.00.

Analyst Upgrades and Downgrades

CWSRF has been the topic of several research reports. TD Securities reissued a “buy” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 11th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Chartwell Retirement Residences in a research note on Monday, May 11th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Chartwell Retirement Residences in a report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Chartwell Retirement Residences Stock Performance

The stock has a 50 day simple moving average of $15.24 and a two-hundred day simple moving average of $15.13.

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.