European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Raised to C$4.00 at Raymond James

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price target lifted by Raymond James from C$3.25 to C$4.00 in a research note released on Thursday, BayStreet.CA reports.

A number of other brokerages also recently weighed in on ERE.UN. CIBC cut 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 for the company in a report on Wednesday. TD Securities increased their target price on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.75 and gave the company a buy rating in a research note on Wednesday, September 4th. Ventum Financial lifted their price target on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the stock a buy rating in a research report on Wednesday. Finally, Scotiabank upped their price target on European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the company a sector perform rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, European Residential Real Estate Investment Trust currently has a consensus rating of Moderate Buy and an average target price of C$3.47.

European Residential Real Estate Investment Trust Trading Up 1.6 %

Shares of European Residential Real Estate Investment Trust stock opened at C$3.22 on Thursday. The business has a fifty day simple moving average of C$2.75 and a 200-day simple moving average of C$2.48. European Residential Real Estate Investment Trust has a fifty-two week low of C$2.12 and a fifty-two week high of C$3.27. The firm has a market cap of C$296.24 million, a price-to-earnings ratio of 16.95 and a beta of 1.25. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06.

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.