European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Raised to C$3.90

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price target hoisted by equities research analysts at Royal Bank of Canada from C$2.50 to C$3.90 in a research report issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 12.39% from the stock’s previous close.

A number of other analysts also recently weighed in on ERE.UN. CIBC reduced their target price 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 report on Wednesday, September 18th. Raymond James upped their target price on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research report on Thursday, September 19th. TD Securities upped their target price on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.75 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Ventum Financial upped their price target 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 research note on Wednesday, September 18th. Finally, Scotiabank upped 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 note on Wednesday, September 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, European Residential Real Estate Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of C$3.52.

European Residential Real Estate Investment Trust Stock Down 4.7 %

TSE:ERE.UN opened at C$3.47 on Friday. The firm’s 50-day moving average price is C$3.09 and its 200-day moving average price is C$2.68. The company has a market capitalization of C$319.24 million, a PE ratio of 18.26 and a beta of 1.28. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20. European Residential Real Estate Investment Trust has a 1-year low of C$2.17 and a 1-year high of C$3.65.

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.