Brokerages Set European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target at C$3.29

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$3.29.

ERE.UN has been the topic of a number of research reports. TD Securities raised their target price 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 report on Tuesday, November 12th. Royal Bank of Canada lowered their target price on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research report on Tuesday, January 7th. Finally, Raymond James lowered their target price on shares of European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th.

European Residential Real Estate Investment Trust Stock Performance

Shares of ERE.UN opened at C$2.37 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06. The firm has a market cap of C$218.04 million, a PE ratio of 12.47 and a beta of 1.28. The company’s 50 day simple moving average is C$3.22 and its 200-day simple moving average is C$3.04. European Residential Real Estate Investment Trust has a 12-month low of C$2.23 and a 12-month high of C$3.99.

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.