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November 21, 2024
PI Global Investments
Real Estate

European Residential Real Estate Investment Trust (TSE:ERE.UN) Price Target Cut to C$2.75


European Residential Real Estate Investment Trust (TSE:ERE.UNGet Free Report) had its price objective decreased by research analysts at Desjardins from C$3.00 to C$2.75 in a report issued on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price objective suggests a potential upside of 15.06% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Scotiabank raised shares of European Residential Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and cut their price objective for the company from C$4.00 to C$3.50 in a research report on Wednesday, November 8th. Raymond James lowered shares of European Residential Real Estate Investment Trust from an “outperform” rating to a “market perform” rating and raised their price objective for the company from C$2.75 to C$2.85 in a research report on Monday, January 8th. CIBC lowered their price target on European Residential Real Estate Investment Trust from C$3.75 to C$3.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Cormark lowered their price objective on shares of European Residential Real Estate Investment Trust from C$4.15 to C$4.00 in a research note on Thursday, November 9th. Finally, Royal Bank of Canada lowered their price objective on shares of European Residential Real Estate Investment Trust from C$3.50 to C$3.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$3.19.

View Our Latest Report on ERE.UN

European Residential Real Estate Investment Trust Trading Up 1.3 %

ERE.UN opened at C$2.39 on Friday. The stock has a market capitalization of C$217.80 million, a PE ratio of -2.99 and a beta of 1.21. The firm’s fifty day moving average price is C$2.46 and its 200 day moving average price is C$2.41. The company has a debt-to-equity ratio of 266.13, a current ratio of 0.28 and a quick ratio of 0.20. European Residential Real Estate Investment Trust has a 12-month low of C$2.12 and a 12-month 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’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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