European Residential Real Estate Investment Trust (TSE:ERE.UN) Given New C$1.25 Price Target at CIBC

European Residential Real Estate Investment Trust (TSE:ERE.UNGet Free Report) had its price objective dropped by equities research analysts at CIBC from C$3.00 to C$1.25 in a research report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 16.82% from the company’s previous close.

Separately, Raymond James Financial cut shares of European Residential Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$3.00 to C$2.75 in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$2.19.

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European Residential Real Estate Investment Trust Price Performance

Shares of TSE:ERE.UN traded up C$0.06 during trading on Monday, reaching C$1.07. The company had a trading volume of 1,079,239 shares, compared to its average volume of 254,783. European Residential Real Estate Investment Trust has a 12 month low of C$0.98 and a 12 month high of C$3.99. The stock has a market capitalization of C$99.64 million, a P/E ratio of -1.67 and a beta of 1.72. The company has a fifty day moving average of C$2.44 and a two-hundred day moving average of C$2.48. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06.

About European Residential Real Estate Investment Trust

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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.

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