European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$3.47.

Several analysts have commented on ERE.UN shares. 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 research note on Wednesday, September 18th. Ventum Financial upped their target price on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. CIBC reduced their target price on 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 lifted their price target on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. Finally, TD Securities increased their price objective 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 report on Wednesday, September 4th.

European Residential Real Estate Investment Trust Stock Down 0.9 %

ERE.UN stock opened at C$3.25 on Friday. The firm’s fifty day simple moving average is C$2.82 and its 200-day simple moving average is C$2.52. The company has a market capitalization of C$299 million, a P/E ratio of 17.11 and a beta of 1.25. 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 12 month low of C$2.12 and a 12 month high of C$3.30.

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.