European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives C$3.58 Consensus PT from Analysts

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$3.58.

A number of brokerages recently weighed in on ERE.UN. TD Securities increased their price target 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 research report on Tuesday, November 12th. CIBC cut their target price 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 price target 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. Scotiabank upped their price objective on shares of European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the company a “sector perform” rating in a research report on Wednesday, September 18th. Finally, 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 note on Wednesday, September 18th.

European Residential Real Estate Investment Trust Trading Down 0.8 %

ERE.UN opened at C$3.70 on Friday. European Residential Real Estate Investment Trust has a fifty-two week low of C$2.23 and a fifty-two week high of C$3.83. The company has a market cap of C$340.40 million, a price-to-earnings ratio of 19.47 and a beta of 1.28. 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 50 day simple moving average of C$3.36 and a 200 day simple moving average of C$2.87.

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.