TD Securities Forecasts Strong Price Appreciation for PRO Real Estate Investment Trust (CVE:PRV.UN) Stock

PRO Real Estate Investment Trust (CVE:PRV.UN) had its target price upped by investment analysts at TD Securities from C$5.00 to C$5.50 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 139.13% from the stock’s current price.

A number of other equities research analysts also recently weighed in on PRV.UN. National Bankshares boosted their price target 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 target on shares of PRO Real Estate Investment Trust and gave the stock a “market perform” rating in a research note on Friday, April 25th.

PRO Real Estate Investment Trust Trading Up 0.4%

Shares of PRV.UN stock opened at C$2.30 on Thursday. PRO Real Estate Investment Trust has a 1 year low of C$1.80 and a 1 year high of C$2.45. 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 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.