European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Lowered to C$3.00 at Raymond James

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its target price lowered by research analysts at Raymond James from C$4.50 to C$3.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 21.46% from the company’s current price.

A number of other equities analysts have also recently issued reports on ERE.UN. TD Securities upped their target price on European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada lowered their price objective on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research note on Tuesday. CIBC reduced their target price on shares of 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. 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 company a “sector perform” rating in a research report on Wednesday, September 18th. Finally, Ventum Financial lifted 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 report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$3.29.

European Residential Real Estate Investment Trust Price Performance

Shares of TSE ERE.UN traded down C$0.01 during midday trading on Wednesday, reaching C$2.47. 715,967 shares of the company were exchanged, compared to its average volume of 1,139,982. European Residential Real Estate Investment Trust has a one year low of C$2.23 and a one year high of C$3.99. The stock has a market cap of C$227.24 million, a P/E ratio of 13.00 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. The stock’s 50-day moving average price is C$3.50 and its 200-day moving average price is C$3.04.

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.