Brokerages Set European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target at C$3.47

by · The Cerbat Gem

European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) has been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$3.47.

ERE.UN has been the topic of several analyst reports. Raymond James lifted their price target on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. Scotiabank lifted their target price 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 note on Wednesday, September 18th. CIBC dropped 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 for the company in a research note on Wednesday, September 18th. TD Securities lifted their price target on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.75 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, Ventum Financial increased 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 research report on Wednesday, September 18th.

Read Our Latest Stock Report on European Residential Real Estate Investment Trust

European Residential Real Estate Investment Trust Price Performance

TSE:ERE.UN opened at C$3.28 on Friday. The stock has a 50 day moving average price of C$2.80 and a 200 day moving average price of C$2.51. The stock has a market cap of C$301.76 million, a PE ratio of 17.26 and a beta of 1.25. 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 has a one year low of C$2.12 and a one year high of C$3.30.

About European Residential Real Estate Investment Trust

(Get Free Report

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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