National Bankshares Raises PRO Real Estate Investment Trust (CVE:PRV.UN) Price Target to C$6.25

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price target hoisted by analysts at National Bankshares from C$6.00 to C$6.25 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price target indicates a potential upside of 171.74% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. TD Securities boosted their price objective on shares of PRO Real Estate Investment Trust from C$5.00 to C$5.50 and gave the company a “hold” rating in a research note on Thursday, May 22nd. 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. Raymond James Financial boosted their price target on shares of PRO Real Estate Investment Trust from C$6.25 to C$6.50 and gave the stock an “outperform” rating in a research note on Friday. CIBC cut their price target on shares of PRO Real Estate Investment Trust from C$6.50 to C$5.75 in a research note on Thursday, May 22nd. Finally, Desjardins boosted their price target on shares of PRO Real Estate Investment Trust from C$5.75 to C$6.00 and gave the stock a “hold” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$5.83.

PRO Real Estate Investment Trust Stock Up 0.4%

Shares of CVE:PRV.UN opened at C$2.30 on Friday. The company has a 50 day moving average of C$2.30 and a 200 day moving average of 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.

About PRO Real Estate Investment Trust

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.