BSR Real Estate Investment Trust (TSE:ERE.UN) Given Average Recommendation of “Buy” by Brokerages
BSR Real Estate Investment Trust (TSE:ERE.UN – Get Rating) has been given a consensus rating of “Buy” by the seven research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$5.64.
A number of equities research analysts recently weighed in on ERE.UN shares. National Bankshares boosted their price objective on BSR Real Estate Investment Trust from C$5.50 to C$5.80 and gave the stock an “outperform” rating in a research report on Wednesday, May 4th. CIBC cut their target price on BSR Real Estate Investment Trust from C$6.00 to C$5.35 in a report on Monday, June 27th. Finally, Raymond James set a C$5.75 target price on BSR Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Tuesday, May 3rd.
BSR Real Estate Investment Trust Price Performance
BSR Real Estate Investment Trust stock opened at C$3.51 on Monday. BSR Real Estate Investment Trust has a one year low of C$3.29 and a one year high of C$5.06. The stock’s fifty day moving average price is C$4.14 and its two-hundred day moving average price is C$4.44. The company has a debt-to-equity ratio of 360.60, a current ratio of 0.18 and a quick ratio of 0.17. The firm has a market cap of C$314.07 million and a PE ratio of 6.16.
About BSR Real Estate Investment Trust
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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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