European Residential Real Estate Investment Trust (TSE:ERE.UN – Get the Free Report) Securities analysts at Echelon Wealth Partners upgraded the company's rating from “hold” to “speculative buy” in a note issued to investors on Friday, BayStreet.CA reported. The company now has a price target on the stock of CA$3.00, down from its previous target price of CA$3.30. Echelon Wealth Partners' price target suggests a potential upside of 25.52% from the company's current price.
Other research analysts have also published reports on the company. Royal Bank of Canada lowered their target price on European Residential Real Estate Investment Trust from CA$3.50 to CA$3.00 and set a “sector perform” rating for the stock in a report on Wednesday, November 8th. . Scotiabank upgraded European Residential Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from CA$4.00 to CA$3.50 in a research note on Wednesday, November 8th. I pulled it down. Raymond James lowered their target price on European Residential Real Estate Investment Trust from C$2.85 to C$2.75 and set a “market perform” rating on the stock in a research note on Friday. Cormark lowered their target price on European Residential Real Estate Investment Trust from CA$4.15 to CA$4.00 in a research note on Thursday, November 9th. Finally, Desjardins lowered their target price on European Residential Real Estate Investment Trust from CA$3.00 to CA$2.75 and gave the stock a “hold” rating in a research note on Friday. Four equity research analysts have rated the stock as a hold and five have rated it a buy. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$3.19.
Get the latest stock analysis for European Residential Real Estate Investment Trust.
European residential real estate investment trust stocks rose 1.3%
ERE.UN stock opened at C$2.39 on Friday. The stock's 50-day simple moving average is C$2.46 and its 200-day simple moving average is C$2.41. The company has a debt-to-equity ratio of 266.13, a quick ratio of 0.20, and a current ratio of 0.28. The company has a market capitalization of CA$217.8 million, a P/E ratio of -2.99 and a beta of 1.21. The European Residential Real Estate Investment Trust hit a 52-week low of C$2.12 and a 52-week high of C$3.72.
About European Residential Real Estate Investment Trust
(Get Free Report)
European Residential Real Estate Investment Trust – ERES is an unincorporated, open-ended real estate investment trust. ERES' REIT units are listed on the TSX under the symbol ERE.UN. ERES is Canada's only European-focused multifamily REIT, currently initially focused on investing in high-quality multifamily real estate in the Netherlands.
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