European Residential Real Estate Investment Trust (TSE:ERE.UN) Stock Price Expected to Rise, TD Securities Analyst Says

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its target price increased by TD Securities from C$3.75 to C$4.25 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages also recently weighed in on ERE.UN. Raymond James boosted 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. Royal Bank of Canada raised their price target on shares of European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research note on Friday, November 8th. Ventum Financial upped their price objective 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 note on Wednesday, September 18th. Scotiabank raised their target price 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. Finally, CIBC dropped their price target on 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 report on Wednesday, September 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.58.

European Residential Real Estate Investment Trust Stock Performance

Shares of European Residential Real Estate Investment Trust stock opened at C$3.60 on Tuesday. The firm has a market capitalization of C$331.20 million, a P/E ratio of 18.79 and a beta of 1.28. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06. The business’s fifty day simple moving average is C$3.15 and its 200 day simple moving average is C$2.71. European Residential Real Estate Investment Trust has a 12 month low of C$2.17 and a 12 month high of C$3.65.

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.