Brokerages Set European Residential Real Estate Investment Trust (TSE:ERE.UN) Target Price at C$3.58

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$3.58.

A number of equities research analysts have recently weighed in on the stock. Raymond James raised their price objective 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 price objective 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, September 18th. TD Securities boosted 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 research report on Tuesday, November 12th. Scotiabank raised their price objective 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 report on Wednesday, September 18th. Finally, 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.

European Residential Real Estate Investment Trust Stock Performance

TSE ERE.UN opened at C$2.45 on Tuesday. European Residential Real Estate Investment Trust has a one year low of C$2.23 and a one year high of C$3.99. The firm has a 50 day simple moving average of C$3.52 and a 200-day simple moving average of C$3.03. The firm has a market cap of C$225.40 million, a price-to-earnings ratio of 12.89 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 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.