Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report) shot up 1.2% during mid-day trading on Thursday . The company traded as high as C$2.52 and last traded at C$2.51. 77,281 shares were traded during trading, a decline of 80% from the average session volume of 391,236 shares. The stock had previously closed at C$2.48.
Analyst Upgrades and Downgrades
A number of analysts have commented on ERE.UN shares. TD Securities downgraded European Residential Real Estate Investment Trust from a "buy" rating to a "hold" rating and set a C$2.75 price objective for the company. in a research report on Thursday, February 20th. Raymond James reduced their target price 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 research report on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their price target on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$3.18.
Check Out Our Latest Research Report on European Residential Real Estate Investment Trust
European Residential Real Estate Investment Trust Trading Up 0.8 %
The business's 50 day simple moving average is C$2.45 and its 200-day simple moving average is C$3.00. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20. The stock has a market capitalization of C$233.68 million, a P/E ratio of 13.37 and a beta of 1.28.
About European Residential Real Estate Investment Trust
(
Get Free Report)
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.
Further Reading
Before you consider European Residential Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and European Residential Real Estate Investment Trust wasn't on the list.
While European Residential Real Estate Investment Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
