European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Lowered to C$1.25 at CIBC

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price objective decreased by CIBC from C$3.00 to C$1.25 in a report released on Monday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Separately, Raymond James Financial downgraded European Residential Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$3.00 to C$2.75 in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$2.19.

European Residential Real Estate Investment Trust Stock Up 6.9%

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

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.