European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) rose 1.9% on Monday . The stock traded as high as C$3.21 and last traded at C$3.18. Approximately 219,675 shares changed hands during trading, an increase of 115% from the average daily volume of 102,342 shares. The stock had previously closed at C$3.12.
Wall Street Analyst Weigh In
ERE.UN has been the topic of a number of research reports. TD Securities lifted their price objective on European Residential Real Estate Investment Trust from C$3.50 to C$3.75 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. CIBC decreased 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 research note on Wednesday, September 18th. Scotiabank increased 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. Raymond James boosted their target price on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. Finally, 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 company a “buy” rating in a report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$3.47.
Check Out Our Latest Analysis on ERE.UN
European Residential Real Estate Investment Trust Stock Performance
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.
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