Analysts Set PRO Real Estate Investment Trust (CVE:PRV.UN) Price Target at C$6.68

PRO Real Estate Investment Trust (CVE:PRV.UN) has received an average rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$6.68.

Several equities analysts have recently weighed in on PRV.UN shares. Desjardins increased their price objective on shares of PRO Real Estate Investment Trust from C$6.50 to C$6.75 and gave the stock a “hold” rating in a research note on Tuesday, May 19th. Canadian Imperial Bank of Commerce lowered shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and boosted their target price for the company from C$6.75 to C$7.00 in a research report on Friday, May 15th. Royal Bank Of Canada set a C$7.25 target price on shares of PRO Real Estate Investment Trust and gave the company an “outperform” rating in a report on Wednesday, June 24th. Finally, TD upgraded shares of PRO Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$7.00 price target on the stock in a research report on Thursday, June 11th.

PRO Real Estate Investment Trust Price Performance

Shares of CVE:PRV.UN opened at C$2.30 on Wednesday. The stock’s 50-day simple moving average is C$2.30 and its two-hundred day simple moving average is C$2.30. PRO Real Estate Investment Trust has a 52-week low of C$1.80 and a 52-week high of C$2.45.

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.