PRO Real Estate Investment Trust (CVE:PRV.UN) PT Raised to C$7.00

PRO Real Estate Investment Trust (CVE:PRV.UNGet Rating) had its target price hoisted by Canaccord Genuity Group from C$6.75 to C$7.00 in a note issued to investors on Thursday, BayStreet.CA reports. Canaccord Genuity Group’s target price would indicate a potential upside of 204.35% from the stock’s current price.

A number of other brokerages also recently commented on PRV.UN. Haywood Securities dropped their target price on shares of PRO Real Estate Investment Trust from C$7.90 to C$7.75 in a research note on Friday, August 12th. TD Securities dropped their target price on shares of PRO Real Estate Investment Trust from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research note on Thursday, October 20th. Raymond James dropped their target price on shares of PRO Real Estate Investment Trust from C$7.50 to C$7.00 and set a “market perform” rating on the stock in a research note on Friday, October 14th. Finally, Scotiabank dropped their price objective on shares of PRO Real Estate Investment Trust from C$7.75 to C$7.50 in a research note on Thursday, August 18th.

PRO Real Estate Investment Trust Stock Performance

Shares of PRV.UN stock opened at C$2.30 on Thursday. The company’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 one year low of C$1.80 and a one year high of C$2.45.

PRO Real Estate Investment Trust Company Profile

(Get Rating)

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.

Featured Stories

Receive News & Ratings for PRO Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRO Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.