BSR Real Estate Investment Trust (TSE:ERE.UN – Get Rating) had its target price decreased by equities researchers at CIBC from C$5.35 to C$4.75 in a report released on Friday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 30.85% from the company’s current price.
Other equity analysts have also issued reports about the stock. National Bankshares lifted their price objective on shares of BSR Real Estate Investment Trust from C$3.75 to C$3.95 and gave the company a “sector perform” rating in a report on Friday. Raymond James cut their price target on shares of BSR Real Estate Investment Trust from C$5.75 to C$5.25 and set an “outperform” rating on the stock in a report on Friday. Finally, Royal Bank of Canada lifted their price target on shares of BSR Real Estate Investment Trust from C$5.00 to C$5.25 and gave the stock an “outperform” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$5.10.
BSR Real Estate Investment Trust Stock Down 2.9%
ERE.UN stock traded down C$0.11 during trading on Friday, hitting C$3.63. 73,355 shares of the company’s stock traded hands, compared to its average volume of 80,811. The firm has a market capitalization of C$324.81 million and a P/E ratio of 6.37. The business has a fifty day simple moving average of C$3.90 and a two-hundred day simple moving average of C$4.38. The company has a quick ratio of 0.17, a current ratio of 0.18 and a debt-to-equity ratio of 360.60. BSR Real Estate Investment Trust has a 1 year low of C$3.29 and a 1 year high of C$5.06.
About BSR 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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