European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Rating) had its price objective lifted by investment analysts at National Bankshares from C$3.30 to C$3.45 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 15.00% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. Raymond James reduced their price objective on European Residential Real Estate Investment Trust from C$5.00 to C$4.50 and set an “outperform” rating on the stock in a research note on Wednesday. Royal Bank of Canada dropped their target price on European Residential Real Estate Investment Trust from C$5.25 to C$4.50 and set an “outperform” rating for the company in a research report on Wednesday. TD Securities dropped their target price on European Residential Real Estate Investment Trust from C$5.50 to C$5.00 and set a “buy” rating for the company in a research report on Thursday, October 20th. Scotiabank dropped their target price on European Residential Real Estate Investment Trust from C$5.25 to C$5.00 in a research report on Tuesday, August 9th. Finally, CIBC lowered their price target on European Residential Real Estate Investment Trust from C$4.75 to C$4.25 in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$4.59.
European Residential Real Estate Investment Trust Stock Performance
Shares of ERE.UN stock traded down C$0.03 on Wednesday, reaching C$3.00. The stock had a trading volume of 104,257 shares, compared to its average volume of 92,101. The stock has a market cap of C$269.97 million and a P/E ratio of 2.59. The company has a debt-to-equity ratio of 256.20, a quick ratio of 0.17 and a current ratio of 0.20. The company has a 50 day simple moving average of C$3.02 and a 200 day simple moving average of C$3.69. European Residential Real Estate Investment Trust has a 1 year low of C$2.70 and a 1 year high of C$5.06.
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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