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 been given an average rating of "Moderate Buy" by the seven brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$3.29.

Several brokerages have recently weighed in on ERE.UN. Royal Bank of Canada decreased their price target on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research report on Tuesday, January 7th. TD Securities upped their target price on shares of European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Finally, Raymond James lowered their price target on European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th.

European Residential Real Estate Investment Trust Stock Up 1.7 %

European Residential Real Estate Investment Trust stock traded up C$0.04 during midday trading on Friday, reaching C$2.38. The stock had a trading volume of 306,176 shares, compared to its average volume of 711,764. The company has a fifty day moving average price of C$3.26 and a two-hundred day moving average price of C$3.04. European Residential Real Estate Investment Trust has a 12 month low of C$2.23 and a 12 month high of C$3.99. 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 market capitalization of C$218.96 million, a P/E ratio of 12.53 and a beta of 1.28.

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.