European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$3.47.
A number of research analysts have recently commented on the company. TD Securities upped 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 report on Wednesday, September 4th. Raymond James upped their price objective on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. 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 price target on shares of 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. Finally, CIBC cut 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 for the company in a report on Wednesday, September 18th.
Read Our Latest Analysis on ERE.UN
European Residential Real Estate Investment Trust Price Performance
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.
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