Raymond James Lowers European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target to C$3.00

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price target decreased by Raymond James from C$4.50 to C$3.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 21.46% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. TD Securities lifted their target price on 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. Ventum Financial raised their target price 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. CIBC cut their price target 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 research report on Wednesday, September 18th. Royal Bank of Canada decreased their price objective on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a report on Tuesday. 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 report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$3.29.

European Residential Real Estate Investment Trust Trading Down 0.4 %

TSE:ERE.UN traded down C$0.01 on Wednesday, reaching C$2.47. The company’s stock had a trading volume of 715,967 shares, compared to its average volume of 1,139,982. 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 business’s 50-day moving average price is C$3.50 and its two-hundred day moving average price is C$3.04. The firm has a market cap of C$227.24 million, a PE ratio of 13.00 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.