European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) shot up 1.2% during mid-day trading on Thursday . The stock traded as high as C$2.52 and last traded at C$2.51. 77,281 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 391,236 shares. The stock had previously closed at C$2.48.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on ERE.UN. Royal Bank of Canada lowered their price objective on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research report on Tuesday, January 7th. Raymond James reduced their target price on shares of European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, TD Securities lowered shares of European Residential Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$2.75 target price on the stock. in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$3.18.
Read Our Latest Research Report on ERE.UN
European Residential Real Estate Investment Trust Trading Up 0.4 %
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.
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