BSR Real Estate Investment Trust (TSE:ERE.UN) Given “Outperform” Rating at Raymond James

BSR Real Estate Investment Trust (TSE:ERE.UN)‘s stock had its “outperform” rating reiterated by stock analysts at Raymond James in a research report issued to clients and investors on Friday, Analyst Ratings Network reports. They presently have a C$5.25 price target on the stock. Raymond James’ price objective suggests a potential upside of 15.64% from the company’s current price.

Other analysts also recently issued research reports about the stock. Scotiabank upped their price target on shares in BSR Real Estate Investment Trust from C$5.00 to C$5.50 in a report on Monday, November 8th. CIBC upped their target price on BSR Real Estate Investment Trust from C$5.25 to C$5.50 and gave the stock an “outperform” rating in a research note on Monday, November 8th. National Bankshares lifted their price target on BSR Real Estate Investment Trust from C$5.40 to C$5.75 and gave the company an “outperform” rating in a research note on Monday, November 8th. Echelon Wealth Partners started coverage on BSR Real Estate Investment Trust in a report on Thursday. They set a “buy” rating and a C$5.40 price target for the company. Finally, Royal Bank of Canada raised their price objective on BSR Real Estate Investment Trust from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research note on Monday, November 8th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$5.42.

Shares of ERE.UN stock traded up C$0.28 during trading on Friday, hitting C$4.54. The company had a trading volume of 234,397 shares, compared to its average volume of 78,481. The firm has a market capitalization of C$404.70 million and a P/E ratio of 4.26. BSR Real Estate Investment Trust has a one year low of C$4.07 and a one year high of C$4.82. The company has a debt-to-equity ratio of 310.46, a quick ratio of 0.72 and a current ratio of 0.74. The stock’s 50-day moving average price is C$4.32 and its 200 day moving average price is C$4.44.

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BSR Real Estate Investment Trust Company Profile

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.

Further Reading

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