European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) had its target price raised by stock analysts at TD Securities from C$3.25 to C$3.50 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 27.27% from the company’s current price.
ERE.UN has been the topic of a number of other reports. Ventum Financial boosted their price objective on European Residential Real Estate Investment Trust from C$3.00 to C$3.25 in a research note on Tuesday, July 16th. Scotiabank downgraded shares of European Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$3.50 to C$3.00 in a research report on Monday, May 6th. Finally, Raymond James upgraded shares of European Residential Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$2.75 to C$3.25 in a research report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$3.25.
View Our Latest Research Report on European Residential Real Estate Investment Trust
European Residential Real Estate Investment Trust Trading Up 0.7 %
Shares of European Residential Real Estate Investment Trust stock traded up C$0.02 during trading on Thursday, hitting C$2.75. The company’s stock had a trading volume of 30,260 shares, compared to its average volume of 74,395. The stock has a market cap of C$252.34 million, a price-to-earnings ratio of 27.50 and a beta of 1.26. The company has a debt-to-equity ratio of 272.09, a current ratio of 0.04 and a quick ratio of 0.20. European Residential Real Estate Investment Trust has a 52 week low of C$2.12 and a 52 week high of C$2.82. The stock has a 50-day moving average price of C$2.48 and a two-hundred day moving average price of C$2.40.
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.
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