European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) had its price target upped by equities researchers at National Bankshares from C$2.90 to C$3.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price target indicates a potential upside of 9.09% from the stock’s current price.
Several other equities analysts have also recently weighed in on ERE.UN. Royal Bank of Canada cut shares of European Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$4.25 to C$3.50 in a research note on Friday. TD Securities decreased their target price on shares of European Residential Real Estate Investment Trust from C$4.00 to C$3.75 and set a “buy” rating on the stock in a research note on Friday. Finally, Raymond James decreased their target price on shares of European Residential Real Estate Investment Trust from C$4.00 to C$3.75 in a research note on Monday, July 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$3.95.
European Residential Real Estate Investment Trust Price Performance
Shares of TSE:ERE.UN opened at C$2.75 on Friday. The firm’s 50 day moving average price is C$2.87 and its 200-day moving average price is C$3.20. European Residential Real Estate Investment Trust has a twelve month low of C$2.70 and a twelve month high of C$3.88. The company has a quick ratio of 0.20, a current ratio of 0.10 and a debt-to-equity ratio of 295.04. The stock has a market capitalization of C$248.90 million, a PE ratio of 10.58 and a beta of 1.18.
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.
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