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

European Residential Real Estate Investment Trust (TSE:ERE.UN) has been given an average recommendation of “Moderate Buy” by the seven analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$3.29.

Several analysts recently issued reports on the stock. TD Securities upped their price target 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. Royal Bank of Canada cut their target price on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research note on Tuesday, January 7th. Finally, Raymond James decreased their price objective on European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th.

European Residential Real Estate Investment Trust Trading Up 1.7 %

Shares of ERE.UN stock opened at C$2.38 on Friday. European Residential Real Estate Investment Trust has a 1-year low of C$2.23 and a 1-year high of C$3.99. The firm’s 50-day simple moving average is C$3.26 and its 200-day simple moving average is C$3.04. The firm has a market cap of C$218.96 million, a P/E ratio of 12.53 and a beta of 1.28. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20.

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.