European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives Consensus Rating of “Moderate Buy” from Analysts

European Residential Real Estate Investment Trust (TSE:ERE.UN) has been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$3.25.

A number of analysts have recently commented on ERE.UN shares. CIBC upped their target price on European Residential Real Estate Investment Trust from C$3.00 to C$3.50 in a research note on Thursday, August 8th. Raymond James raised European Residential Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$2.75 to C$3.25 in a report on Tuesday, July 16th. Scotiabank cut European Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$3.50 to C$3.00 in a research note on Monday, May 6th. Ventum Financial lifted their target price on European Residential Real Estate Investment Trust from C$3.00 to C$3.25 in a report on Tuesday, July 16th. Finally, TD Securities raised their price target on European Residential Real Estate Investment Trust from C$3.25 to C$3.50 and gave the company a “buy” rating in a research note on Thursday, August 8th.

European Residential Real Estate Investment Trust Price Performance

Shares of ERE.UN opened at C$2.76 on Wednesday. European Residential Real Estate Investment Trust has a 52 week low of C$2.12 and a 52 week high of C$2.82. 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 company has a market capitalization of C$253.92 million, a price-to-earnings ratio of 14.53 and a beta of 1.26. The stock’s 50-day moving average price is C$2.57 and its 200-day moving average price is C$2.42.

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.