European Residential Real Estate Investment Trust (TSE:ERE.UN) PT Raised to C$4.00 at Ventum Financial

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price target lifted by Ventum Financial from C$3.25 to C$4.00 in a research report report published on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

ERE.UN has been the subject of a number of other reports. Raymond James upgraded shares of European Residential Real Estate Investment Trust from a market perform rating to an outperform rating and lifted their target price for the stock from C$2.75 to C$3.25 in a research note on Tuesday, July 16th. CIBC boosted their price objective on shares of European Residential Real Estate Investment Trust from C$3.00 to C$3.50 in a report on Thursday, August 8th. TD Securities upped their target price on 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, Scotiabank lifted their price target on 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 report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, European Residential Real Estate Investment Trust currently has an average rating of Moderate Buy and a consensus price target of C$3.47.

European Residential Real Estate Investment Trust Price Performance

Shares of TSE ERE.UN opened at C$3.23 on Wednesday. European Residential Real Estate Investment Trust has a fifty-two week low of C$2.12 and a fifty-two week high of C$3.28. The company has a market cap of C$297.16 million, a PE ratio of 17.00 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. The business has a 50-day simple moving average of C$2.76 and a two-hundred day simple moving average of C$2.48.

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.