European Residential Real Estate Investment Trust (TSE:ERE.UN) Given New C$3.90 Price Target at Royal Bank of Canada

European Residential Real Estate Investment Trust (TSE:ERE.UNFree Report) had its price target boosted by Royal Bank of Canada from C$2.50 to C$3.90 in a report published on Friday,BayStreet.CA reports.

A number of other equities analysts have also issued reports on ERE.UN. Scotiabank raised their price target on European Residential Real Estate Investment Trust from C$2.25 to C$3.75 and gave the stock a “sector perform” rating in a report on Wednesday, September 18th. TD Securities lifted their target price on European Residential Real Estate Investment Trust from C$3.50 to C$3.75 and gave the company a “buy” rating in a research note on Wednesday, September 4th. CIBC cut their price target 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 note on Wednesday, September 18th. Ventum Financial lifted their price objective on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, Raymond James upped their price objective on shares of European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$3.57.

View Our Latest Research Report on European Residential Real Estate Investment Trust

European Residential Real Estate Investment Trust Stock Performance

Shares of ERE.UN traded down C$0.17 during mid-day trading on Friday, reaching C$3.47. 335,378 shares of the company’s stock were exchanged, compared to its average volume of 129,417. European Residential Real Estate Investment Trust has a 52-week low of C$2.17 and a 52-week high of C$3.65. 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$319.24 million, a PE ratio of 18.26 and a beta of 1.28. The business’s fifty day simple moving average is C$3.09 and its 200-day simple moving average is C$2.68.

About European Residential Real Estate Investment Trust

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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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