European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, 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 target among brokerages that have updated their coverage on the stock in the last year is C$3.58.
A number of research firms recently weighed in on ERE.UN. Scotiabank upped 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. TD Securities increased their price objective on shares of European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Ventum Financial lifted their price objective 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. CIBC dropped their target price on 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. Finally, Royal Bank of Canada raised their price target on European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research note on Friday, November 8th.
View Our Latest Research Report on ERE.UN
European Residential Real Estate Investment Trust Trading Down 0.8 %
European Residential Real Estate Investment Trust stock traded down C$0.03 during midday trading on Friday, reaching C$3.70. 95,339 shares of the stock traded hands, compared to its average volume of 150,858. The firm has a market cap of C$340.40 million, a PE ratio of 19.47 and a beta of 1.28. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06. The company has a 50-day simple moving average of C$3.36 and a two-hundred day simple moving average of C$2.86. European Residential Real Estate Investment Trust has a 12-month low of C$2.23 and a 12-month high of C$3.83.
About European Residential Real Estate Investment Trust
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Get Free ReportEuropean 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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