European Residential Real Estate Investment Trust (TSE:ERE.UN - Free Report) had its price target decreased by Raymond James from C$4.50 to C$3.00 in a research note published on Wednesday,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.
Other research analysts have also recently issued reports about the stock. Scotiabank increased their price target on shares of European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the company a "sector perform" rating in a report on Wednesday, September 18th. TD Securities lifted their target price on European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the stock a "buy" rating in a report on Tuesday, November 12th. 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 report on Wednesday, September 18th. Royal Bank of Canada cut their price objective on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a report on Tuesday. Finally, Ventum Financial lifted their price target on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the company a "buy" rating in a research report on Wednesday, September 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$3.29.
Check Out Our Latest Research Report on ERE.UN
European Residential Real Estate Investment Trust Stock Down 1.6 %
Shares of European Residential Real Estate Investment Trust stock traded down C$0.04 on Wednesday, reaching C$2.44. 1,048,593 shares of the company were exchanged, compared to its average volume of 1,220,367. 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 current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06. The company has a 50-day moving average of C$3.50 and a 200 day moving average of C$3.04. The company has a market capitalization of C$224.48 million, a price-to-earnings ratio of 12.84 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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