PRO Real Estate Investment Trust (CVE:PRV.UN) Given New C$7.25 Price Target at Raymond James Financial

PRO Real Estate Investment Trust (CVE:PRV.UN) had its target price lifted by Raymond James Financial from C$7.00 to C$7.25 in a research report report published on Friday morning,BayStreet reports. Raymond James Financial currently has a market perform rating on the stock.

A number of other analysts have also recently issued reports on the company. Canadian Imperial Bank of Commerce raised PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and increased their price objective for the stock from C$7.00 to C$7.50 in a report on Friday, August 14th. Royal Bank Of Canada upped their price target on PRO Real Estate Investment Trust from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research report on Friday, August 14th. Desjardins increased their price target on shares of PRO Real Estate Investment Trust from C$7.50 to C$8.00 and gave the stock a “buy” rating in a report on Friday. Finally, TD raised their price objective on shares of PRO Real Estate Investment Trust from C$7.00 to C$7.50 and gave the company a “buy” rating in a research report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.67.

PRO Real Estate Investment Trust Stock Performance

Shares of PRV.UN stock opened at C$2.30 on Friday. The firm’s 50 day moving average is C$2.30 and its 200 day moving average is C$2.30. PRO Real Estate Investment Trust has a 12 month low of C$1.80 and a 12 month 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.