Analysts Set European Residential Real Estate Investment Trust (TSE:ERE.UN) Target Price at C$3.20

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$3.25.

A number of research analysts have weighed in on the company. Raymond James upgraded European Residential Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$2.75 to C$3.25 in a research note on Tuesday, July 16th. TD Securities upped their price target on shares of European Residential Real Estate Investment Trust from C$3.25 to C$3.50 and gave the stock a “buy” rating in a research report on Thursday. Ventum Financial lifted their price objective on shares of European Residential Real Estate Investment Trust from C$3.00 to C$3.25 in a research report on Tuesday, July 16th. CIBC upped their target price on shares of European Residential Real Estate Investment Trust from C$3.00 to C$3.50 in a report on Thursday. Finally, Scotiabank cut European Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$3.50 to C$3.00 in a report on Monday, May 6th.

European Residential Real Estate Investment Trust Stock Performance

Shares of European Residential Real Estate Investment Trust stock traded up C$0.02 during midday trading on Friday, hitting C$2.75. The company had a trading volume of 30,260 shares, compared to its average volume of 74,395. European Residential Real Estate Investment Trust has a 1-year low of C$2.12 and a 1-year high of C$2.82. The company has a debt-to-equity ratio of 272.09, a current ratio of 0.04 and a quick ratio of 0.20. The business’s 50 day simple moving average is C$2.47 and its two-hundred day simple moving average is C$2.39. The stock has a market cap of C$252.34 million, a PE ratio of 27.50 and a beta of 1.26.

About European Residential Real Estate Investment Trust

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.