European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives Average Rating of “Moderate Buy” from Analysts

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

A number of analysts have issued reports on ERE.UN shares. TD Securities raised their price target 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, November 12th. Raymond James boosted their target price on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. Ventum Financial upped their price target on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Royal Bank of Canada lifted their price target on shares of European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a report on Friday, November 8th. Finally, CIBC dropped their price objective on European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating for the company in a report on Wednesday, September 18th.

European Residential Real Estate Investment Trust Stock Performance

Shares of European Residential Real Estate Investment Trust stock opened at C$2.45 on Tuesday. European Residential Real Estate Investment Trust has a fifty-two week low of C$2.23 and a fifty-two week high of C$3.99. The business’s fifty day moving average is C$3.52 and its two-hundred day moving average is C$3.03. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06. The firm has a market cap of C$225.40 million, a PE ratio of 12.89 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.