European Residential Real Estate Investment Trust (TSE:ERE.UN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$3.58.

ERE.UN has been the topic of several recent analyst reports. TD Securities boosted their target price on shares of European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the company a “buy” rating in a report on Tuesday, November 12th. CIBC decreased their price objective 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 report on Wednesday, September 18th. Royal Bank of Canada raised their target price on European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research note on Friday, November 8th. Ventum Financial upped their price target 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 note on Wednesday, September 18th. Finally, Scotiabank raised their price objective 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.

European Residential Real Estate Investment Trust Trading Down 0.8 %

ERE.UN opened at C$3.67 on Friday. 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 company’s 50 day simple moving average is C$3.39 and its two-hundred day simple moving average is C$2.90. The firm has a market capitalization of C$337.64 million, a price-to-earnings ratio of 19.32 and a beta of 1.28. European Residential Real Estate Investment Trust has a 1-year low of C$2.23 and a 1-year high of C$3.83.

About European Residential Real Estate Investment Trust

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.