Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$3.25.
ERE.UN has been the topic of a number of research analyst reports. Ventum Financial boosted their price target on European Residential Real Estate Investment Trust from C$3.00 to C$3.25 in a report on Tuesday, July 16th. TD Securities lifted their target price on European Residential Real Estate Investment Trust from C$3.25 to C$3.50 and gave the stock a “buy” rating in a report on Thursday. Scotiabank lowered European Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$3.50 to C$3.00 in a research note on Monday, May 6th. CIBC lifted their price objective on European Residential Real Estate Investment Trust from C$3.00 to C$3.50 in a research note on Thursday. Finally, Raymond James raised shares of European Residential Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$2.75 to C$3.25 in a report on Tuesday, July 16th.
Read Our Latest Stock Report on European Residential Real Estate Investment Trust
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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