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

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$3.29.

A number of equities analysts have recently weighed in on the company. Raymond James lowered their target price on European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. TD Securities lifted 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. Finally, Royal Bank of Canada decreased their price target on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research note on Tuesday, January 7th.

European Residential Real Estate Investment Trust Stock Down 1.6 %

European Residential Real Estate Investment Trust stock opened at C$2.40 on Friday. The company’s 50-day moving average price is C$3.17 and its two-hundred day moving average price is C$3.04. 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 has a market cap of C$220.80 million, a P/E ratio of 12.63 and a beta of 1.28. European Residential Real Estate Investment Trust has a twelve month low of C$2.23 and a twelve month high of C$3.99.

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.