European Residential Real Estate Investment Trust (TSE:ERE.UN) Given Average Recommendation of “Moderate Buy” by Brokerages

European Residential Real Estate Investment Trust (TSE:ERE.UN) has been given an average rating of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$3.58.

Several analysts have commented on ERE.UN shares. TD Securities upped 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 research report on Tuesday, November 12th. Royal Bank of Canada upped their price objective on European Residential Real Estate Investment Trust from C$2.50 to C$3.90 in a report on Friday, November 8th. 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 report on Wednesday, September 18th. CIBC decreased 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 research report on Wednesday, September 18th. Finally, Scotiabank increased their price target on shares of 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 report on Wednesday, September 18th.

European Residential Real Estate Investment Trust Stock Performance

ERE.UN stock opened at C$3.73 on Friday. The company has a 50 day moving average price of C$3.35 and a 200 day moving average price of C$2.86. European Residential Real Estate Investment Trust has a fifty-two week low of C$2.23 and a fifty-two week high of C$3.83. 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 stock has a market capitalization of C$343.16 million, a PE ratio of 19.63 and a beta of 1.28.

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.