Analysts Set European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target at C$3.52

European Residential Real Estate Investment Trust (TSE:ERE.UN) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$3.58.

ERE.UN has been the subject of several research analyst reports. Raymond James upped their price objective on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. TD Securities upped their price target on shares of European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the company a “buy” rating in a report on Tuesday. CIBC dropped their target price 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 report on Wednesday, September 18th. Royal Bank of Canada increased their target price on shares of European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research note on Friday, November 8th. Finally, Scotiabank lifted their price target 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 research report on Wednesday, September 18th.

European Residential Real Estate Investment Trust Price Performance

ERE.UN opened at C$3.51 on Monday. 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’s 50-day moving average price is C$3.12 and its 200 day moving average price is C$2.70. European Residential Real Estate Investment Trust has a fifty-two week low of C$2.17 and a fifty-two week high of C$3.65. The firm has a market cap of C$322.92 million, a price-to-earnings ratio of 18.47 and a beta of 1.28.

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.