European Residential Real Estate Investment Trust (TSE:ERE.UN - Get Free Report)'s stock price shot up 0.4% on Friday . The stock traded as high as C$2.44 and last traded at C$2.43. 72,019 shares traded hands during trading, a decline of 71% from the average session volume of 244,266 shares. The stock had previously closed at C$2.42.
Wall Street Analyst Weigh In
Separately, Raymond James Financial lowered shares of European Residential Real Estate Investment Trust from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from C$3.00 to C$2.75 in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of C$3.14.
Read Our Latest Report on ERE.UN
European Residential Real Estate Investment Trust Stock Up 0.4%
The stock has a 50-day moving average of C$2.50 and a 200 day moving average of C$2.50. The company has a market capitalization of C$227.22 million, a PE ratio of -3.82 and a beta of 1.84. The company has a quick ratio of 0.20, a current ratio of 0.27 and a debt-to-equity ratio of 256.06.
European Residential Real Estate Investment Trust Company Profile
(
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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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