European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Cut to C$1.60 by Analysts at Cormark

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price objective trimmed by Cormark from C$2.90 to C$1.60 in a research report sent to investors on Monday,BayStreet.CA reports.

Several other research firms have also issued reports on ERE.UN. CIBC dropped their target price on European Residential Real Estate Investment Trust from C$3.00 to C$1.25 and set an “outperform” rating on the stock in a report on Monday. Raymond James Financial lowered European Residential Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$3.00 to C$2.75 in a report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, European Residential Real Estate Investment Trust has an average rating of “Hold” and a consensus target price of C$2.19.

European Residential Real Estate Investment Trust Stock Performance

ERE.UN opened at C$1.08 on Monday. European Residential Real Estate Investment Trust has a 52-week low of C$0.98 and a 52-week high of C$3.99. The firm has a market capitalization of C$100.57 million, a PE ratio of -1.69 and a beta of 1.72. The company has a debt-to-equity ratio of 256.06, a quick ratio of 0.20 and a current ratio of 0.27. The business’s 50-day simple moving average is C$2.41 and its 200 day simple moving average is C$2.47.

European Residential Real Estate Investment Trust Company Profile

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.