European Residential Real Estate Investment Trust (TSE:ERE.UN) Given New C$4.25 Price Target at TD Securities

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price target lifted by TD Securities from C$3.75 to C$4.25 in a research report report published on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

ERE.UN has been the subject of a number of other reports. Raymond James raised their price target on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. Ventum Financial boosted their target price on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Royal Bank of Canada increased their price target on European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a report on Friday, November 8th. CIBC reduced 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. Finally, Scotiabank upped their target price on 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$3.58.

European Residential Real Estate Investment Trust Price Performance

Shares of ERE.UN opened at C$3.60 on Tuesday. The business’s 50 day moving average price is C$3.15 and its two-hundred day moving average price is C$2.71. The firm has a market cap of C$331.20 million, a PE ratio of 18.79 and a beta of 1.28. 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 has a 52-week low of C$2.17 and a 52-week high of C$3.65.

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.