Brokerages Set European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target at C$3.47

European Residential Real Estate Investment Trust (TSE:ERE.UN) has been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$3.47.

ERE.UN has been the topic of several analyst reports. Raymond James lifted their price target on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a report on Thursday, September 19th. Scotiabank lifted their target price 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. CIBC dropped their price target on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research note on Wednesday, September 18th. TD Securities lifted their price target on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.75 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, Ventum Financial increased their price objective on 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.

European Residential Real Estate Investment Trust Price Performance

TSE:ERE.UN opened at C$3.28 on Friday. The stock has a 50 day moving average price of C$2.80 and a 200 day moving average price of C$2.51. The stock has a market cap of C$301.76 million, a PE ratio of 17.26 and a beta of 1.25. The company has a debt-to-equity ratio of 256.06, a quick ratio of 0.20 and a current ratio of 0.27. European Residential Real Estate Investment Trust has a one year low of C$2.12 and a one year high of C$3.30.

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.