European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives Consensus Rating of "Moderate Buy" from Brokerages

European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$3.52.

A number of analysts recently issued reports on the company. Scotiabank boosted their price objective 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. Royal Bank of Canada increased their price target on shares of European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a report on Friday. TD Securities boosted their price objective 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 note on Wednesday, September 4th. CIBC decreased 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. Finally, Ventum Financial raised their price target on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the company a "buy" rating in a report on Wednesday, September 18th.

European Residential Real Estate Investment Trust Stock Performance

Shares of ERE.UN stock traded up C$0.01 on Monday, hitting C$3.48. 181,375 shares of the stock were exchanged, compared to its average volume of 129,655. European Residential Real Estate Investment Trust has a one year low of C$2.17 and a one year high of C$3.65. The firm's 50 day moving average is C$3.09 and its two-hundred day moving average is C$2.68. The firm has a market capitalization of C$320.16 million, a PE ratio of 18.26 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.

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.