European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives C$3.58 Average Price Target from Brokerages

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com 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 1-year price target among brokers that have updated their coverage on the stock in the last year is C$3.58.

Several research analysts recently issued reports on ERE.UN shares. Scotiabank raised 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. Royal Bank of Canada lifted their price target on European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research note on Friday, November 8th. TD Securities increased their price objective on European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Raymond James upped their price target on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research note on Thursday, September 19th. Finally, CIBC reduced their price objective 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.

European Residential Real Estate Investment Trust Stock Performance

TSE ERE.UN opened at C$3.67 on Friday. The firm has a market cap of C$337.64 million, a P/E ratio of 19.32 and a beta of 1.28. European Residential Real Estate Investment Trust has a 52-week low of C$2.23 and a 52-week high of C$3.83. The business’s 50-day moving average price is C$3.39 and its 200 day moving average price is C$2.90. The company has a quick ratio of 0.20, a current ratio of 0.27 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.