PRO Real Estate Investment Trust (CVE:PRV.UN) Price Target Raised to C$7.50

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price objective hoisted by stock analysts at TD from C$7.00 to C$7.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price objective points to a potential upside of 226.09% from the company’s current price.

Several other analysts also recently weighed in on the stock. Canadian Imperial Bank of Commerce downgraded shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and lifted their price target for the company from C$6.75 to C$7.00 in a research note on Friday, May 15th. Desjardins increased their price objective on PRO Real Estate Investment Trust from C$6.75 to C$7.50 and gave the stock a “buy” rating in a research note on Friday. Raymond James Financial reduced their price objective on PRO Real Estate Investment Trust from C$7.50 to C$7.25 and set a “market perform” rating on the stock in a report on Friday. Finally, Royal Bank Of Canada lifted their price objective on PRO Real Estate Investment Trust from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Friday. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$7.07.

PRO Real Estate Investment Trust Price Performance

PRO Real Estate Investment Trust stock traded up C$0.01 during trading hours on Friday, hitting C$2.30. The company had a trading volume of 80,531 shares, compared to its average volume of 103,855. PRO Real Estate Investment Trust has a 1 year low of C$1.80 and a 1 year high of C$2.45. The company has a 50-day moving average price of C$2.30 and a two-hundred day moving average price of C$2.30.

PRO Real Estate Investment Trust Company Profile

PROREIT is an unincorporated open-ended real estate investment trust owning a diversified portfolio of 84 commercial properties across Canada representing over 3.7 million square feet of gross leasable area. Established in 2013, PROREIT is mainly focused on strong secondary markets in Quebec, Atlantic Canada and Ontario, with selective exposure in Western Canada.