European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Raised to C$4.25

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price target hoisted by TD Securities from C$3.75 to C$4.25 in a report issued on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

ERE.UN has been the topic of a number of other research reports. CIBC cut their price target on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a report on Wednesday, September 18th. Raymond James lifted their target price on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. Ventum Financial raised their price objective on 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. Scotiabank upped their target price on European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the company a “sector perform” rating in a report on Wednesday, September 18th. Finally, Royal Bank of Canada increased their target price on shares of European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$3.58.

European Residential Real Estate Investment Trust Stock Up 2.0 %

Shares of TSE ERE.UN opened at C$3.58 on Tuesday. European Residential Real Estate Investment Trust has a 1 year low of C$2.17 and a 1 year high of C$3.65. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20. The firm has a market cap of C$329.36 million, a PE ratio of 18.68 and a beta of 1.28. The company has a 50 day simple moving average of C$3.14 and a 200 day simple moving average of C$2.71.

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.