TD Securities cut shares of European Residential Real Estate Investment Trust (TSE:ERE.UN – Free Report) from a buy rating to a hold rating in a report issued on Thursday morning,BayStreet.CA reports. They currently have C$2.75 price objective on the stock.
Several other research analysts have also commented on ERE.UN. Raymond James decreased their price target on shares of European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada lowered their target price on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, European Residential Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of C$3.11.
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European Residential Real Estate Investment Trust Stock Performance
Shares of ERE.UN opened at C$2.51 on Thursday. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20. European Residential Real Estate Investment Trust has a 12-month low of C$2.23 and a 12-month high of C$3.99. The business’s fifty day moving average price is C$2.78 and its 200 day moving average price is C$3.02. The stock has a market capitalization of C$230.92 million, a PE ratio of 13.21 and a beta of 1.28.
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.
Further Reading
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