Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report) were down 3.1% during trading on Monday . The company traded as low as C$2.45 and last traded at C$2.48. Approximately 784,907 shares were traded during trading, an increase of 58% from the average daily volume of 495,278 shares. The stock had previously closed at C$2.56.
Analysts Set New Price Targets
A number of research analysts have recently commented on ERE.UN shares. Royal Bank of Canada cut their price target on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a report on Tuesday, January 7th. TD Securities lowered European Residential Real Estate Investment Trust from a "buy" rating to a "hold" rating and set a C$2.75 price target for the company. in a report on Thursday. Finally, Raymond James cut their price target 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, European Residential Real Estate Investment Trust presently has a consensus rating of "Moderate Buy" and an average target price of C$3.11.
Read Our Latest Analysis on ERE.UN
European Residential Real Estate Investment Trust Stock Up 1.6 %
The firm has a fifty day moving average price of C$2.80 and a 200 day moving average price of C$3.02. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06. The company has a market cap of C$230.92 million, a P/E ratio of 13.21 and a beta of 1.28.
European Residential Real Estate Investment Trust Company Profile
(
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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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