European Residential Real Estate Investment Trust (TSE:ERE.UN) Given Average Rating of “Moderate Buy” by Analysts

European Residential Real Estate Investment Trust (TSE:ERE.UN) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$3.29.

A number of research analysts have commented on the company. TD Securities upped their price target on European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada cut their price target on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research note on Tuesday, January 7th. Finally, Raymond James cut their price target on European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th.

European Residential Real Estate Investment Trust Trading Up 2.0 %

ERE.UN opened at C$2.53 on Wednesday. The business has a 50 day simple moving average of C$2.87 and a two-hundred day simple moving average of C$3.03. The firm has a market capitalization of C$232.76 million, a price-to-earnings ratio of 13.32 and a beta of 1.28. 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 one year low of C$2.23 and a one year high of C$3.99.

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.