European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$3.47.

ERE.UN has been the topic of a number of recent research reports. TD Securities lifted their price objective on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.75 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Ventum Financial raised their price target on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the stock a “buy” rating in a report on Wednesday. Scotiabank upped their price objective 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. Raymond James lifted their target price on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research note on Thursday. Finally, CIBC cut their price target on European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research note on Wednesday.

European Residential Real Estate Investment Trust Stock Performance

Shares of European Residential Real Estate Investment Trust stock opened at C$3.23 on Friday. The firm’s fifty day simple moving average is C$2.76 and its 200-day simple moving average is C$2.48. European Residential Real Estate Investment Trust has a 12 month low of C$2.12 and a 12 month high of C$3.28. The stock has a market capitalization of C$297.16 million, a price-to-earnings ratio of 17.00 and a beta of 1.25. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20.

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.