Brokerages Set European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target at C$3.52

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$3.58.

ERE.UN has been the subject of several analyst reports. Raymond James lifted their price objective on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research note on Thursday, September 19th. Royal Bank of Canada boosted their price target on European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research note on Friday, November 8th. TD Securities raised their price objective on European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the stock a “buy” rating in a research note on Tuesday. Ventum Financial upped their target price on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, Scotiabank raised 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, September 18th.

European Residential Real Estate Investment Trust Stock Performance

ERE.UN opened at C$3.60 on Monday. 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 business has a fifty day simple moving average of C$3.15 and a 200 day simple moving average of C$2.71. European Residential Real Estate Investment Trust has a 1 year low of C$2.17 and a 1 year high of C$3.65. The company has a market capitalization of C$331.20 million, a PE ratio of 18.79 and a beta of 1.28.

About European Residential Real Estate Investment Trust

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.