PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price Expected to Rise, National Bankshares Analyst Says

PRO Real Estate Investment Trust (CVE:PRV.UN) had its target price lifted by National Bankshares from C$5.00 to C$5.50 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 139.13% from the company’s previous close.

Separately, BMO Capital Markets set a C$5.00 target price on shares of PRO Real Estate Investment Trust and gave the stock a “market perform” rating in a research report on Friday, April 25th.

PRO Real Estate Investment Trust Stock Up 0.4%

Shares of CVE:PRV.UN opened at C$2.30 on Thursday. PRO Real Estate Investment Trust has a fifty-two week low of C$1.80 and a fifty-two week high of C$2.45. The firm has a 50-day simple moving average of C$2.30 and a 200 day simple moving average 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.