European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives C$3.58 Consensus Target Price from Analysts

European Residential Real Estate Investment Trust (TSE:ERE.UN) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$3.58.

A number of brokerages recently weighed in on ERE.UN. TD Securities upped their price objective on European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the stock a “buy” rating in a report on Tuesday, November 12th. CIBC lowered 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 note on Wednesday, September 18th. Royal Bank of Canada raised their price objective on shares of European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research note on Friday, November 8th. Scotiabank boosted their price objective 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 report on Wednesday, September 18th. Finally, Ventum Financial increased 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 report on Wednesday, September 18th.

European Residential Real Estate Investment Trust Trading Up 0.8 %

Shares of ERE.UN stock opened at C$2.47 on Tuesday. The company has a market capitalization of C$227.24 million, a P/E ratio of 13.00 and a beta of 1.28. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06. The business’s 50 day moving average is C$3.52 and its two-hundred day moving average is C$3.03. European Residential Real Estate Investment Trust has a twelve month low of C$2.23 and a twelve month high of C$3.99.

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.