European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Raised to C$3.90 at Royal Bank of Canada

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price target lifted by Royal Bank of Canada from C$2.50 to C$3.90 in a report published on Friday,BayStreet.CA reports.

ERE.UN has been the subject of several other reports. Raymond James lifted their price objective on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research report on Thursday, September 19th. Ventum Financial lifted their price objective on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. CIBC decreased their price objective on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research report on Wednesday, September 18th. TD Securities lifted their price objective on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.75 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Scotiabank lifted their price objective on shares of European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the stock a “sector perform” rating in a research report on Wednesday, September 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$3.52.

European Residential Real Estate Investment Trust Stock Performance

Shares of ERE.UN stock opened at C$3.47 on Friday. The stock has a market capitalization of C$319.24 million, a PE ratio of 18.26 and a beta of 1.28. The firm has a 50 day moving average of C$3.09 and a two-hundred day moving average of C$2.68. European Residential Real Estate Investment Trust has a 52 week low of C$2.17 and a 52 week high of C$3.65. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06.

European Residential Real Estate Investment Trust Company Profile

European Residential Real Estate Investment Trust – ERES is an unincorporated, open-ended real estate investment trust. ERES’s REIT units are listed on the TSX under the symbol ERE.UN. ERES is Canada’s only European-focused multi-residential REIT, with a current initial focus on investing in high-quality multi-residential real estate properties in the Netherlands.