European Residential Real Estate Investment Trust (TSE:ERE.UN) Given Consensus Recommendation of "Moderate Buy" by Analysts

European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report) has earned an average rating of "Moderate Buy" from the seven research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$3.11.

ERE.UN has been the subject of a number of recent analyst reports. Raymond James decreased their price objective on European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. TD Securities downgraded European Residential Real Estate Investment Trust from a "buy" rating to a "hold" rating and set a C$2.75 target price for the company. in a research report on Thursday. Finally, Royal Bank of Canada cut their target price on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research report on Tuesday, January 7th.

European Residential Real Estate Investment Trust Stock Performance

Shares of TSE:ERE.UN traded up C$0.04 during trading on Wednesday, hitting C$2.51. 528,146 shares of the company traded hands, compared to its average volume of 491,397. The stock has a market capitalization of C$230.92 million, a price-to-earnings ratio of 13.21 and a beta of 1.28. The business's fifty day moving average is C$2.80 and its 200-day moving average is C$3.02. European Residential Real Estate Investment Trust has a one year low of C$2.23 and a one year high of C$3.99. The company has a quick ratio of 0.20, a current ratio of 0.27 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.