European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Raised to C$4.25

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price objective raised by investment analysts at TD Securities from C$3.75 to C$4.25 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 21.08% from the company’s current price.

ERE.UN has been the subject of several other research reports. Ventum Financial boosted their price objective on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. CIBC reduced their target price on European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 18th. Raymond James boosted their target price on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research note on Thursday, September 19th. Royal Bank of Canada boosted their target price on European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research note on Friday, November 8th. Finally, Scotiabank boosted their target price on European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the company a “sector perform” rating in a research note on Wednesday, September 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$3.58.

European Residential Real Estate Investment Trust Stock Down 0.3 %

Shares of TSE ERE.UN opened at C$3.51 on Tuesday. European Residential Real Estate Investment Trust has a 12 month low of C$2.17 and a 12 month high of C$3.65. The company has a current ratio of 0.27, a quick ratio of 0.20 and a debt-to-equity ratio of 256.06. The firm has a market capitalization of C$322.92 million, a price-to-earnings ratio of 18.47 and a beta of 1.28. The business has a 50-day moving average of C$3.12 and a 200-day moving average of C$2.70.

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.