European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) had its price target raised by TD Securities from C$3.75 to C$4.25 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 22.48% from the company’s previous close.
A number of other research firms have also commented on ERE.UN. Raymond James lifted 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. Royal Bank of Canada raised their target price on shares of European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research note on Friday. CIBC decreased their price objective 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 research note on Wednesday, September 18th. Scotiabank lifted their price target on 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 note on Wednesday, September 18th. Finally, Ventum Financial boosted 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$3.58.
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European Residential Real Estate Investment Trust Price Performance
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.
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