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Shares of European Residential Real Estate Investment Trust (TSE:ERE.UN – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$3.19.
Several brokerages recently weighed in on ERE.UN. Desjardins dropped their price objective on European Residential Real Estate Investment Trust from C$3.00 to C$2.75 and set a “hold” rating for the company in a research report on Friday, February 23rd. Echelon Wealth Partners raised European Residential Real Estate Investment Trust from a “hold” rating to a “speculative buy” rating and decreased their price target for the company from C$3.30 to C$3.00 in a research note on Friday, February 23rd. Finally, Raymond James decreased their price target on European Residential Real Estate Investment Trust from C$2.85 to C$2.75 and set a “market perform” rating for the company in a research note on Friday, February 23rd.
View Our Latest Analysis on European Residential Real Estate Investment Trust
European Residential Real Estate Investment Trust Stock Performance
ERE.UN opened at C$2.38 on Friday. The company has a debt-to-equity ratio of 290.94, a quick ratio of 0.20 and a current ratio of 0.09. European Residential Real Estate Investment Trust has a 52-week low of C$2.12 and a 52-week high of C$3.52. The firm has a market cap of C$217.70 million, a P/E ratio of -3.31 and a beta of 1.21. The business’s fifty day moving average is C$2.37 and its 200-day moving average is C$2.38.
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.
Further Reading
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