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

European Residential Real Estate Investment Trust (TSE:ERE.UN) has been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$3.47.

Several research firms have issued reports on ERE.UN. CIBC lowered their target price on shares of 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. Ventum Financial increased their target price on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Raymond James increased their target price on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research note on Thursday, September 19th. Scotiabank increased their target price on shares of European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the stock a “sector perform” rating in a research note on Wednesday, September 18th. Finally, TD Securities increased their target price on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.75 and gave the stock a “buy” rating in a research note on Wednesday, September 4th.

European Residential Real Estate Investment Trust Stock Performance

Shares of ERE.UN stock opened at C$3.17 on Thursday. The stock has a market capitalization of C$291.64 million, a P/E ratio of 16.68 and a beta of 1.28. 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’s 50 day moving average is C$2.94 and its 200 day moving average is C$2.59. European Residential Real Estate Investment Trust has a 12 month low of C$2.12 and a 12 month high of C$3.30.

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.