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

European Residential Real Estate Investment Trust (TSE:ERE.UN) has earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$3.29.

ERE.UN has been the topic of several research reports. Raymond James lowered their target price on European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their price objective on European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research note on Tuesday, January 7th. Finally, TD Securities boosted their price objective on European Residential Real Estate Investment Trust from C$3.75 to C$4.25 and gave the company a “buy” rating in a research note on Tuesday, November 12th.

European Residential Real Estate Investment Trust Stock Performance

Shares of ERE.UN opened at C$2.53 on Wednesday. The firm has a market cap of C$232.76 million, a PE ratio of 13.32 and a beta of 1.28. The stock’s fifty day moving average price is C$2.87 and its two-hundred day moving average price is C$3.03. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20. European Residential Real Estate Investment Trust has a 1 year low of C$2.23 and a 1 year high of C$3.99.

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.