European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) was up 1.2% during trading on Thursday . The company traded as high as C$2.52 and last traded at C$2.51. Approximately 77,281 shares changed hands during trading, a decline of 80% from the average daily volume of 391,236 shares. The stock had previously closed at C$2.48.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of European Residential Real Estate Investment Trust from C$3.90 to C$2.60 in a research report on Tuesday, January 7th. Raymond James lowered their target price on shares of European Residential Real Estate Investment Trust from C$4.50 to C$3.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, TD Securities downgraded European Residential Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$2.75 target price on the stock. in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$3.18.
Check Out Our Latest Research Report on ERE.UN
European Residential Real Estate Investment Trust Price Performance
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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