TD Securities Boosts European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target to C$3.75

Posted by Stephan Jacobs on Sep 7th, 2024

European Residential Real Estate Investment Trust (TSE:ERE.UN – Free Report) had its target price hoisted by TD Securities from C$3.50 to C$3.75 in a research note released on Wednesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Ventum Financial upped their price objective on European Residential Real Estate Investment Trust from C$3.00 to C$3.25 in a report on Tuesday, July 16th. Raymond James upgraded shares of European Residential Real Estate Investment Trust from a market perform rating to an outperform rating and boosted their target price for the stock from C$2.75 to C$3.25 in a research report on Tuesday, July 16th. Finally, CIBC increased their price target on shares of European Residential Real Estate Investment Trust from C$3.00 to C$3.50 in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$3.28.

Read Our Latest Analysis on European Residential Real Estate Investment Trust

European Residential Real Estate Investment Trust Price Performance

Shares of ERE.UN opened at C$2.71 on Wednesday. The firm has a market capitalization of C$249.32 million, a PE ratio of 14.26 and a beta of 1.26. The stock’s 50 day moving average is C$2.64 and its two-hundred day moving average is C$2.44. European Residential Real Estate Investment Trust has a twelve month low of C$2.12 and a twelve month high of C$2.82. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06.

European Residential Real Estate Investment Trust Company Profile

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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.