Brokerages Set European Residential Real Estate Investment Trust (TSE:ERE.UN) PT at C$3.52

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$3.58.

A number of research firms have recently issued reports on ERE.UN. Royal Bank of Canada increased their target price on European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research note on Friday, November 8th. 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 company a “buy” rating in a research note on Wednesday, September 18th. CIBC decreased 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 for the company in a research note on Wednesday, September 18th. Scotiabank lifted their price target 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 note on Wednesday, September 18th. Finally, Raymond James upped 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.

European Residential Real Estate Investment Trust Stock Up 0.6 %

ERE.UN 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 firm has a 50 day moving average price of C$3.17 and a 200 day moving average price of C$2.72. The company has a debt-to-equity ratio of 256.06, a quick ratio of 0.20 and a current ratio of 0.27. The company has a market cap of C$331.20 million, a PE ratio of 18.95 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.