Analysts Set European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target at C$3.47

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

Several analysts recently issued reports on ERE.UN shares. Scotiabank lifted their price target on shares of European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the company a “sector perform” rating in a research report on Wednesday, September 18th. CIBC decreased 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 for the company in a research report on Wednesday, September 18th. TD Securities lifted their price target 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 note on Wednesday, September 4th. Ventum Financial increased their price objective on 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, Raymond James lifted their target price on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research report on Thursday, September 19th.

European Residential Real Estate Investment Trust Stock Down 0.6 %

ERE.UN stock opened at C$3.06 on Thursday. The company has a debt-to-equity ratio of 256.06, a quick ratio of 0.20 and a current ratio of 0.27. European Residential Real Estate Investment Trust has a fifty-two week low of C$2.12 and a fifty-two week high of C$3.30. The stock’s 50 day simple moving average is C$2.98 and its 200 day simple moving average is C$2.62. The company has a market cap of C$281.52 million, a P/E ratio of 16.11 and a beta of 1.28.

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.