Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) 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.
Check Out Our Latest Report on ERE.UN
European Residential Real Estate Investment Trust Trading Down 0.8 %
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.
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