European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Cut to C$3.00 by Analysts at Raymond James

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price objective trimmed by Raymond James from C$4.50 to C$3.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also recently commented on ERE.UN. Royal Bank of Canada reduced their price target on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research report on Tuesday. 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 report on Wednesday, September 18th. CIBC lowered their price target 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. TD Securities increased their price objective on shares of European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Ventum Financial lifted their target price 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$3.29.

European Residential Real Estate Investment Trust Stock Down 1.6 %

ERE.UN stock opened at C$2.44 on Wednesday. The company has a market cap of C$224.48 million, a price-to-earnings ratio of 12.84 and a beta of 1.28. 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 business’s 50-day moving average is C$3.48 and its two-hundred day moving average is C$3.04. European Residential Real Estate Investment Trust has a fifty-two week low of C$2.23 and a fifty-two week high of C$3.99.

About European Residential Real Estate Investment Trust

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.