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.UN) had its price target upped 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 brokerages have also recently weighed in on ERE.UN. CIBC dropped their price objective on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set an “outperform” rating for the company in a report on Wednesday, September 18th. Raymond James increased their price objective on European Residential Real Estate Investment Trust from C$3.25 to C$4.00 in a research note on Thursday, September 19th. TD Securities boosted their target price on European Residential Real Estate Investment Trust from C$3.50 to C$3.75 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Ventum Financial increased their price target on 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, Scotiabank boosted their price objective 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 research report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.57.

European Residential Real Estate Investment Trust Trading Down 4.7 %

Shares of ERE.UN stock traded down C$0.17 on Friday, hitting C$3.47. The stock had a trading volume of 335,378 shares, compared to its average volume of 129,417. The company’s 50 day moving average price is C$3.09 and its 200-day moving average price is C$2.68. European Residential Real Estate Investment Trust has a 1 year low of C$2.17 and a 1 year high of C$3.65. The firm has a market capitalization of C$319.24 million, a P/E ratio of 18.26 and a beta of 1.28. The company has a debt-to-equity ratio of 256.06, a current ratio of 0.27 and a quick ratio of 0.20.

European Residential Real Estate Investment Trust Company Profile

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.