European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Increased to C$4.00 by Analysts at Raymond James

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its target price raised by Raymond James from C$3.25 to C$4.00 in a report released on Thursday, BayStreet.CA reports.

Several other equities analysts have also recently issued reports on ERE.UN. Ventum Financial lifted their price objective on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the stock a buy rating in a report on Wednesday, September 18th. TD Securities lifted their price objective on European Residential Real Estate Investment Trust from C$3.50 to C$3.75 and gave the stock a buy rating in a report on Wednesday, September 4th. CIBC cut their price target 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 report on Wednesday, September 18th. Finally, Scotiabank boosted their price target 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, European Residential Real Estate Investment Trust currently has an average rating of Moderate Buy and a consensus price target of C$3.47.

European Residential Real Estate Investment Trust Stock Performance

Shares of ERE.UN stock opened at C$3.23 on Thursday. The stock has a fifty day moving average price of C$2.76 and a 200 day moving average price of C$2.48. The stock has a market cap of C$297.16 million, a PE ratio of 17.00 and a beta of 1.25. European Residential Real Estate Investment Trust has a 1 year low of C$2.12 and a 1 year high of C$3.28. 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.