European Residential Real Estate Investment Trust (TSE:ERE.UN) Given Average Recommendation of “Moderate Buy” by Analysts

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

A number of equities analysts have commented on ERE.UN shares. Ventum Financial lifted their price objective 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 report on Wednesday, September 18th. Raymond James lifted their price target on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. CIBC dropped their price objective 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 note on Wednesday, September 18th. TD Securities lifted 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 note on Wednesday, September 4th. Finally, Scotiabank upped their target price on European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the company a “sector perform” rating in a report on Wednesday, September 18th.

European Residential Real Estate Investment Trust Trading Down 0.9 %

TSE:ERE.UN opened at C$3.25 on Friday. European Residential Real Estate Investment Trust has a 52 week low of C$2.12 and a 52 week high of C$3.30. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06. The company has a market cap of C$299 million, a PE ratio of 17.11 and a beta of 1.25. The business’s 50 day moving average is C$2.82 and its two-hundred day moving average is C$2.52.

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.