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

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price objective upped by analysts at Raymond James from C$5.75 to C$6.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 160.87% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on PRV.UN. National Bankshares increased their price objective on shares of PRO Real Estate Investment Trust from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a research note on Thursday. BMO Capital Markets set a C$5.00 price objective on shares of PRO Real Estate Investment Trust and gave the stock a “market perform” rating in a research note on Friday, April 25th. Finally, TD Securities increased their price objective on shares of PRO Real Estate Investment Trust from C$5.00 to C$5.50 and gave the stock a “hold” rating in a research note on Thursday.

PRO Real Estate Investment Trust Trading Up 0.4%

Shares of PRO Real Estate Investment Trust stock opened at C$2.30 on Thursday. PRO Real Estate Investment Trust has a 12-month low of C$1.80 and a 12-month high of C$2.45. The firm’s 50-day moving average price is C$2.30 and its two-hundred day moving average price is 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.