European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) was downgraded by equities researchers at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research note issued on Friday, BayStreet.CA reports. They presently have a C$3.50 price objective on the stock, down from their prior price objective of C$4.25. Royal Bank of Canada’s price target suggests a potential upside of 27.27% from the stock’s current price.
ERE.UN has been the topic of a number of other reports. TD Securities reduced their price objective 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. Raymond James reduced their price target on shares of European Residential Real Estate Investment Trust from C$4.00 to C$3.75 in a research report on Monday, July 17th. Finally, National Bankshares reduced their price target on shares of European Residential Real Estate Investment Trust from C$3.35 to C$2.90 in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$3.95.
European Residential Real Estate Investment Trust Price Performance
Shares of ERE.UN stock opened at C$2.75 on Friday. European Residential Real Estate Investment Trust has a 52-week low of C$2.70 and a 52-week high of C$3.88. The stock has a market cap of C$248.90 million, a PE ratio of 10.58 and a beta of 1.18. The company has a debt-to-equity ratio of 295.04, a quick ratio of 0.20 and a current ratio of 0.10. The firm’s 50 day moving average price is C$2.87 and its two-hundred day moving average price is C$3.20.
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.
Featured Stories
- Five stocks we like better than European Residential Real Estate Investment Trust
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- MarketBeat Week in Review – 07/31 – 08/04
- What is the Hang Seng index?
- 3 Best Meme ETFs to Buy Now
- Stock Market Upgrades: What Are They?
- XPO Keeps Reaching New Highs: Markets Love the Stock
Receive News & Ratings for European Residential Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for European Residential Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.
