European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives C$3.52 Average Target Price from Analysts

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$3.58.

A number of research firms have commented on ERE.UN. Royal Bank of Canada lifted their target price on shares of European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a report on Friday, November 8th. Raymond James increased their target price on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research note on Thursday, September 19th. CIBC decreased their target price on 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. Ventum Financial increased their price target on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, TD Securities boosted their price objective on shares of European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the company a “buy” rating in a report on Tuesday.

European Residential Real Estate Investment Trust Stock Performance

European Residential Real Estate Investment Trust stock opened at C$3.60 on Monday. 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’s 50-day moving average is C$3.15 and its two-hundred day moving average is C$2.71. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06. The company has a market cap of C$331.20 million, a PE ratio of 18.79 and a beta of 1.28.

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.