Brokerages Set European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target at C$3.30

European Residential Real Estate Investment Trust (TSE:ERE.UNGet Free Report) has received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$3.30.

A number of analysts have recently weighed in on ERE.UN shares. Cormark cut their price target on shares of European Residential Real Estate Investment Trust from C$4.15 to C$4.00 in a report on Thursday, November 9th. Scotiabank upgraded shares of European Residential Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and decreased their price target for the company from C$4.00 to C$3.50 in a research report on Wednesday, November 8th. CIBC decreased their price objective on shares of European Residential Real Estate Investment Trust from C$3.75 to C$3.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. Raymond James cut shares of European Residential Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from C$2.75 to C$2.85 in a research report on Monday, January 8th. Finally, Royal Bank of Canada decreased their price objective on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 8th.

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European Residential Real Estate Investment Trust Stock Down 0.4 %

Shares of ERE.UN opened at C$2.35 on Friday. European Residential Real Estate Investment Trust has a 52 week low of C$2.12 and a 52 week high of C$3.72. The firm has a market cap of C$214.16 million, a P/E ratio of -2.97 and a beta of 1.21. The firm’s 50-day simple moving average is C$2.48 and its 200 day simple moving average is C$2.44. The company has a debt-to-equity ratio of 266.13, a quick ratio of 0.20 and a current ratio of 0.28.

European Residential Real Estate Investment Trust Company Profile

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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.

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Analyst Recommendations for European Residential Real Estate Investment Trust (TSE:ERE.UN)

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