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 assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$3.58.

Several research analysts recently commented on ERE.UN shares. CIBC cut their price target 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 report on Wednesday, September 18th. Royal Bank of Canada lifted their target price on shares of European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a report on Friday, November 8th. Scotiabank increased their price target 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. Raymond James upped 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. Finally, TD Securities raised their target price on European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the company a “buy” rating in a report on Tuesday, November 12th.

European Residential Real Estate Investment Trust Stock Performance

European Residential Real Estate Investment Trust stock opened at C$2.47 on Tuesday. The company has a market cap of C$227.24 million, a price-to-earnings ratio of 13.00 and a beta of 1.28. European Residential Real Estate Investment Trust has a 12 month low of C$2.23 and a 12 month high of C$3.99. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20. The stock’s 50-day moving average is C$3.52 and its 200-day moving average is C$3.03.

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.