European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have received an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$3.58.

Several brokerages have recently issued reports on ERE.UN. TD Securities boosted their price target on shares of European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the company a “buy” rating in a report on Tuesday, November 12th. Raymond James boosted their target price on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research note on Thursday, September 19th. CIBC cut their price objective on European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a report on Wednesday, September 18th. Royal Bank of Canada upped their target price on shares of European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research note on Friday, November 8th. Finally, Scotiabank lifted their target price 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 report on Wednesday, September 18th.

European Residential Real Estate Investment Trust Price Performance

Shares of TSE:ERE.UN opened at C$3.85 on Tuesday. The business’s 50 day moving average is C$3.52 and its 200-day moving average is C$3.01. European Residential Real Estate Investment Trust has a 1-year low of C$2.23 and a 1-year high of C$3.99. The firm has a market capitalization of C$354.20 million, a PE ratio of 20.26 and a beta of 1.28. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06.

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.