European Residential Real Estate Investment Trust (TSE:ERE.UN) Given New C$4.25 Price Target at TD Securities

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its target price increased by TD Securities from C$3.75 to C$4.25 in a research report report published on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

ERE.UN has been the topic of a number of other reports. Royal Bank of Canada lifted their target price on European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research report on Friday, November 8th. Ventum Financial boosted their price objective on 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. Raymond James boosted their price target on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. Scotiabank increased 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 report on Wednesday, September 18th. Finally, CIBC decreased their price objective 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$3.58.

European Residential Real Estate Investment Trust Stock Up 1.1 %

Shares of ERE.UN stock opened at C$3.52 on Tuesday. European Residential Real Estate Investment Trust has a 12 month low of C$2.17 and a 12 month high of C$3.65. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06. The firm has a market cap of C$323.84 million, a PE ratio of 18.26 and a beta of 1.28. The stock has a 50 day moving average of C$3.10 and a 200-day moving average of C$2.69.

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.