European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Raised to C$3.90 at Royal Bank of Canada

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price target increased by Royal Bank of Canada from C$2.50 to C$3.90 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Several other research firms have also recently weighed in on ERE.UN. Scotiabank increased 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 report on Wednesday, September 18th. TD Securities increased their target price on European Residential Real Estate Investment Trust from C$3.50 to C$3.75 and gave the stock a “buy” rating in a report on Wednesday, September 4th. CIBC decreased their price target 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 report on Wednesday, September 18th. Ventum Financial raised their target price 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, September 18th. Finally, Raymond James raised their price target on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research report on Thursday, September 19th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$3.52.

European Residential Real Estate Investment Trust Trading Up 0.3 %

TSE ERE.UN opened at C$3.48 on Friday. European Residential Real Estate Investment Trust has a 1-year low of C$2.17 and a 1-year 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 company has a market capitalization of C$320.16 million, a PE ratio of 18.26 and a beta of 1.28. The firm’s fifty day simple moving average is C$3.09 and its 200-day simple moving average is C$2.68.

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.