European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives C$3.47 Average Price Target from Brokerages

European Residential Real Estate Investment Trust (TSE:ERE.UN) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$3.47.

A number of research firms recently weighed in on ERE.UN. Scotiabank upped their target price on shares of European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the stock a “sector perform” rating in a report on Wednesday, September 18th. Ventum Financial increased their price objective on 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, September 18th. CIBC dropped their price objective on European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research note on Wednesday, September 18th. TD Securities upped their target price 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. Finally, Raymond James raised their price target on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th.

European Residential Real Estate Investment Trust Price Performance

European Residential Real Estate Investment Trust stock opened at C$3.13 on Thursday. The stock has a fifty day moving average of C$2.96 and a 200-day moving average of C$2.60. The stock has a market capitalization of C$287.96 million, a P/E ratio of 16.47 and a beta of 1.28. European Residential Real Estate Investment Trust has a 52 week low of C$2.12 and a 52 week high of C$3.30. The company has a debt-to-equity ratio of 256.06, a quick ratio of 0.20 and a current ratio of 0.27.

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.