Raymond James Trims BSR Real Estate Investment Trust (TSE:ERE.UN) Target Price to C$5.00

BSR Real Estate Investment Trust (TSE:ERE.UN – Get Rating) The target price was lowered to $5.00 from $5.25 by analysts at Raymond James in a report published Tuesday, reports BayStreet.CA. The company currently has an Outperform rating on the stock. Raymond James’ price target would suggest a potential upside of 56.74% from the company’s previous close.

ERE.UN has been the subject of several other reports. CIBC lowered its price target on BSR Real Estate Investment Trust to $4.75 from $5.35 in a research report on Friday, August 5. National Bankshares increased its target price on BSR Real Estate Investment Trust to $3.95 from $3.75 and gave the company a “Sector Perform” rating in a report on Friday, August 5. Finally, Scotiabank lowered its target price on shares of BSR Real Estate Investment Trust from C$5.25 to C$5.00 in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a hold rating and four have rated the stock with a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $5.02.

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BSR Real Estate Investment Trust shares down 2.1%

Shares of ERE.UN fell C$0.07 on Tuesday to hit C$3.19. 116,364 shares of the stock were exchanged compared to an average volume of 82,528. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt to equity ratio of 256.20. The company has a market cap of CA$286.19 million and a P/E ratio of 2.82. BSR Real Estate Investment Trust has a 52-week low of $3.17 and a 52-week high of $5.06. The company has a 50-day moving average of $3.57 and a 200-day moving average of $4.18.

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BSR Real Estate Investment Trust Company Profile

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ERES is an unincorporated, open-ended real estate investment fund. ERES REIT shares are listed on the TSX under the symbol ERE.UN. ERES is Canada’s only Europe-focused multi-residential REIT, currently initially focused on investing in high-quality multi-residential real estate in the Netherlands.

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Analyst Recommendations for BSR Real Estate Investment Trust (TSE:ERE.UN)

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