Analysts 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 been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$3.18.

A number of equities analysts have commented on the stock. Royal Bank of Canada decreased their price objective on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a report on Tuesday, January 7th. TD Securities downgraded shares of European Residential Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$2.75 price objective for the company. in a research report on Thursday. Finally, Raymond James dropped their price objective 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 note on Wednesday, January 8th.

European Residential Real Estate Investment Trust Trading Up 1.6 %

Shares of TSE ERE.UN opened at C$2.51 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06. The stock’s 50 day moving average price is C$2.78 and its two-hundred day moving average price is C$3.02. European Residential Real Estate Investment Trust has a 52-week low of C$2.23 and a 52-week high of C$3.99. The stock has a market capitalization of C$230.92 million, a P/E ratio of 13.21 and a beta of 1.28.

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.