Raymond James Cuts European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target to C$3.00

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price target lowered by Raymond James from C$4.50 to C$3.00 in a research report report published on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also issued research reports about the company. CIBC lowered their target price on European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating for the company in a report on Wednesday, September 18th. Ventum Financial upped their target price on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. TD Securities lifted their price objective on shares of European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada cut their price target on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a report on Tuesday. Finally, Scotiabank lifted 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 note on Wednesday, September 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$3.29.

European Residential Real Estate Investment Trust Trading Down 1.6 %

TSE:ERE.UN opened at C$2.44 on Wednesday. The company has a debt-to-equity ratio of 256.06, a quick ratio of 0.20 and a current ratio of 0.27. The firm has a 50-day simple moving average of C$3.48 and a 200-day simple moving average of C$3.04. European Residential Real Estate Investment Trust has a one year low of C$2.23 and a one year high of C$3.99. The firm has a market cap of C$224.48 million, a P/E ratio of 12.84 and a beta of 1.28.

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.