European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives Average 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 covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$3.58.

A number of brokerages have recently weighed in on ERE.UN. Raymond James lifted their target price on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research note on Thursday, September 19th. CIBC lowered their price target on 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. Ventum Financial increased their price objective on shares of 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. Scotiabank raised 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 note on Wednesday, September 18th. Finally, Royal Bank of Canada lifted their price objective on shares of European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research report on Friday, November 8th.

European Residential Real Estate Investment Trust Stock Up 0.8 %

European Residential Real Estate Investment Trust stock opened at C$3.85 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06. European Residential Real Estate Investment Trust has a 1-year low of C$2.23 and a 1-year high of C$3.99. The firm has a market capitalization of C$354.20 million, a price-to-earnings ratio of 20.26 and a beta of 1.28. The firm has a 50 day simple moving average of C$3.52 and a 200 day simple moving average of C$3.01.

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.