Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$3.25.
A number of research analysts have weighed in on the company. Raymond James upgraded European Residential Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$2.75 to C$3.25 in a research note on Tuesday, July 16th. TD Securities upped their price target on shares of European Residential Real Estate Investment Trust from C$3.25 to C$3.50 and gave the stock a “buy” rating in a research report on Thursday. Ventum Financial lifted their price objective on shares of European Residential Real Estate Investment Trust from C$3.00 to C$3.25 in a research report on Tuesday, July 16th. CIBC upped their target price on shares of European Residential Real Estate Investment Trust from C$3.00 to C$3.50 in a report on Thursday. Finally, Scotiabank cut European Residential Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$3.50 to C$3.00 in a report on Monday, May 6th.
View Our Latest Stock Analysis on ERE.UN
European Residential Real Estate Investment Trust Stock 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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