European Residential Real Estate Investment Trust (TSE:ERE.UN) Given New C$3.00 Price Target at CIBC

Posted by Trevor Kearing on Sep 20th, 2024

European Residential Real Estate Investment Trust (TSE:ERE.UN – Free Report) had its price target reduced by CIBC from C$3.50 to C$3.00 in a research note released on Wednesday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

ERE.UN has been the subject of a number of other reports. 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. Raymond James raised shares of European Residential Real Estate Investment Trust from a market perform rating to an outperform rating and lifted their price target for the company from C$2.75 to C$3.25 in a research report on Tuesday, July 16th. 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 report on Wednesday. Finally, Ventum Financial lifted their target price on shares of 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$3.47.

Get Our Latest Stock Analysis on ERE.UN

European Residential Real Estate Investment Trust Trading Up 0.3 %

Shares of TSE ERE.UN opened at C$3.23 on Wednesday. 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 stock has a market cap of C$297.16 million, a P/E ratio of 17.00 and a beta of 1.25. The firm has a 50-day moving average of C$2.76 and a 200 day moving average of C$2.48. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20.

About European Residential Real Estate Investment Trust

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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.