European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives C$3.52 Average PT from Brokerages

European Residential Real Estate Investment Trust (TSE:ERE.UN) has been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$3.58.

A number of analysts have recently weighed in on ERE.UN shares. Scotiabank upped their price target 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. Royal Bank of Canada upped their target price on European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research report on Friday, November 8th. TD Securities lifted their price target on European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the company a “buy” rating in a research report on Tuesday, November 12th. 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 report on Wednesday, September 18th. Finally, CIBC lowered their target price 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 report on Wednesday, September 18th.

European Residential Real Estate Investment Trust Price Performance

Shares of TSE ERE.UN opened at C$3.60 on Monday. The firm’s 50-day simple moving average is C$3.17 and its 200 day simple moving average is C$2.72. The stock has a market cap of C$331.20 million, a P/E ratio of 18.95 and a beta of 1.28. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06. European Residential Real Estate Investment Trust has a fifty-two week low of C$2.17 and a fifty-two week high of C$3.65.

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.