European Residential Real Estate Investment Trust (TSE:ERE.UN) PT Raised to C$3.75 at Scotiabank

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its target price increased by Scotiabank from C$2.25 to C$3.75 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 16.46% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Raymond James raised shares of European Residential Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$2.75 to C$3.25 in a report on Tuesday, July 16th. TD Securities upped 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 note on Wednesday, September 4th. CIBC upped their price target on shares of European Residential Real Estate Investment Trust from C$3.00 to C$3.50 in a research note on Thursday, August 8th. Finally, Ventum Financial upped their price target on shares of European Residential Real Estate Investment Trust from C$3.00 to C$3.25 in a research note on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$3.47.

European Residential Real Estate Investment Trust Price Performance

ERE.UN stock opened at C$3.22 on Wednesday. European Residential Real Estate Investment Trust has a one year low of C$2.12 and a one year high of C$3.27. The company’s fifty day moving average price is C$2.75 and its 200-day moving average price is C$2.48. The company has a debt-to-equity ratio of 256.06, a quick ratio of 0.20 and a current ratio of 0.27. The company has a market capitalization of C$296.24 million, a PE ratio of 16.95 and a beta of 1.25.

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.