European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Increased to C$4.00 by Analysts at Raymond James

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price target boosted by Raymond James from C$3.25 to C$4.00 in a research note released on Thursday, BayStreet.CA reports.

ERE.UN has been the topic of several other research reports. TD Securities raised 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 research report on Wednesday, September 4th. Scotiabank raised their target price on 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 report on Wednesday, September 18th. CIBC cut their target price 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 research report on Wednesday, September 18th. Finally, 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 research report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of C$3.47.

European Residential Real Estate Investment Trust Price Performance

ERE.UN stock opened at C$3.23 on Thursday. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20. The firm has a market capitalization of C$297.16 million, a P/E ratio of 17.00 and a beta of 1.25. The business’s 50-day moving average is C$2.76 and its two-hundred day moving average is C$2.48. European Residential Real Estate Investment Trust has a 1 year low of C$2.12 and a 1 year high of C$3.28.

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.