European Residential Real Estate Investment Trust (TSE:ERE.UN – Free Report) had its target price lifted by TD Securities from C$3.25 to C$3.50 in a research note released on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other equities research analysts have also recently issued reports on the company. Raymond James upgraded European Residential Real Estate Investment Trust from a market perform rating to an outperform rating and boosted their price objective for the stock from C$2.75 to C$3.25 in a report on Tuesday, July 16th. Scotiabank downgraded shares of European Residential Real Estate Investment Trust from an outperform rating to a sector perform rating and lowered their price objective for the company from C$3.50 to C$3.00 in a research report on Monday, May 6th. Finally, Ventum Financial boosted 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, European Residential Real Estate Investment Trust has a consensus rating of Moderate Buy and an average target price of C$3.25.
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European Residential Real Estate Investment Trust Trading Up 0.7 %
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.
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