European Residential Real Estate Investment Trust (TSE:ERE.UN) Stock Price Expected to Rise, TD Securities Analyst Says

European Residential Real Estate Investment Trust (TSE:ERE.UN) had its price objective increased by analysts at TD Securities from C$3.75 to C$4.25 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 21.08% from the stock’s current price.

Several other equities analysts also recently issued reports on the company. Royal Bank of Canada lifted their price objective on European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a research report on Friday, November 8th. CIBC dropped their price objective 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 price objective on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Raymond James boosted their target price on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research note on Thursday, September 19th. Finally, Scotiabank upped 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.58.

European Residential Real Estate Investment Trust Stock Performance

ERE.UN opened at C$3.51 on Tuesday. European Residential Real Estate Investment Trust has a 12-month low of C$2.17 and a 12-month high of C$3.65. The firm has a market capitalization of C$322.92 million, a P/E ratio of 18.47 and a beta of 1.28. The stock’s 50 day moving average price is C$3.12 and its two-hundred day moving average price is C$2.70. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06.

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.