European Residential Real Estate Investment Trust (TSE:ERE.UN) Given consensus recommendation of ‘moderate buy’ from analysts

European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report ) has received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average one-year target price among analysts that have updated their coverage on the stock in the last year is $3.25.

A number of equities analysts recently weighed in on the stock. CIBC upped their target price on shares of European Residential Real Estate Investment Trust from $3.00 to $3.50 in a report on Thursday, August 8th. Scotiabank lowered 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 $3.50 to $3.00 in a report on research on Monday, May 6. TD Securities lifted their price objective on shares of European Residential Real Estate Investment Trust from $3.25 to $3.50 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Ventum Financial raised their price objective on shares of European Residential Real Estate Investment Trust from $3.00 to $3.25 in a research report on Tuesday, July 16th. Finally, Raymond James raised shares of European Residential Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $2.75 to 3, $25 in a research report on Tuesday, July 16th.

Get the latest stock report on European Residential Real Estate Investment Trust

The price performance of the European Residential Real Estate Investment Trust

TSE ERE.UN opened at $2.76 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 0.27, and a debt-to-equity ratio of 256.06. European Residential Real Estate Investment Trust has a 12-month low of $2.12 and a 12-month high of $2.82. The company has a market cap of $253.92 million, a PE ratio of 14.53 and a beta of 1.26. The company’s 50-day moving average is $2.57 and its 200-day moving average is $2.42.

European Residential Real Estate Investment Trust company profile

(Get a free report

European Residential Real Estate Investment Trust – ERES is an unincorporated and open-ended real estate investment trust. The REIT units of ERES are listed on the TSX under the symbol ERE.UN. ERES is Canada’s only European-focused multi-residential REIT with an initial focus on investing in high-quality multi-residential real estate in the Netherlands.

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