European Residential Real Estate Investment Trust (TSE:ERE.UN) Given New C$4.25 Price Target at TD Securities

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

A number of other research analysts also recently weighed in on ERE.UN. CIBC lowered their price target on 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. Royal Bank of Canada lifted 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 increased their price target 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. Raymond James boosted 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. Finally, Scotiabank increased their target price 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$3.58.

European Residential Real Estate Investment Trust Price Performance

ERE.UN stock opened at C$3.52 on Tuesday. European Residential Real Estate Investment Trust has a one year low of C$2.17 and a one year high of C$3.65. The firm has a 50-day moving average of C$3.10 and a two-hundred day moving average of C$2.69. The firm has a market capitalization of C$323.84 million, a PE ratio of 18.26 and a beta of 1.28. The company has a current ratio of 0.27, a quick ratio of 0.20 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.