Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report) traded up 15.6% during trading on Thursday . The company traded as high as C$3.65 and last traded at C$3.64. 2,010,808 shares were traded during mid-day trading, an increase of 1,465% from the average session volume of 128,464 shares. The stock had previously closed at C$3.15.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. TD Securities boosted their target price on 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 lowered their price target 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 research note on Wednesday, September 18th. Ventum Financial increased 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 note on Wednesday, September 18th. Scotiabank raised their price target 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. Finally, Royal Bank of Canada upped their price objective on European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research note on Friday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, European Residential Real Estate Investment Trust currently has an average rating of "Moderate Buy" and a consensus target price of C$3.57.
Get Our Latest Report on ERE.UN
European Residential Real Estate Investment Trust Price Performance
The business's fifty day moving average price is C$3.08 and its 200 day moving average price is C$2.67. 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 cap of C$319.24 million, a P/E ratio of 18.42 and a beta of 1.28.
About European Residential Real Estate Investment Trust
(
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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.
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