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

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

Several other brokerages have also recently issued reports on ERE.UN. CIBC increased their price objective on European Residential Real Estate Investment Trust from C$3.00 to C$3.50 in a research note on Thursday, August 8th. Scotiabank increased 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. TD Securities raised 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. Finally, Raymond James raised shares of European Residential Real Estate Investment Trust from a market perform rating to an outperform rating and upped their price objective for the stock from C$2.75 to C$3.25 in a research note on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, European Residential Real Estate Investment Trust currently has an average rating of Moderate Buy and an average target price of C$3.47.

European Residential Real Estate Investment Trust Price Performance

European Residential Real Estate Investment Trust stock opened at C$3.23 on Wednesday. The stock has a market cap of C$297.16 million, a price-to-earnings ratio of 17.00 and a beta of 1.25. The firm has a 50-day moving average of C$2.76 and a two-hundred day moving average of C$2.48. European Residential Real Estate Investment Trust has a 1 year low of C$2.12 and a 1 year high of C$3.28. 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 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.