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

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price objective boosted by equities researchers at Raymond James Financial from C$6.25 to C$6.50 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 182.61% from the company’s previous close.

PRV.UN has been the subject of a number of other reports. TD Securities upped their target price on PRO Real Estate Investment Trust from C$5.00 to C$5.50 and gave the stock a “hold” rating in a research report on Thursday, May 22nd. CIBC cut their price objective on PRO Real Estate Investment Trust from C$6.50 to C$5.75 in a research report on Thursday, May 22nd. National Bankshares increased their price objective on PRO Real Estate Investment Trust from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a research report on Thursday, May 22nd. Finally, BMO Capital Markets set a C$5.00 price objective on PRO Real Estate Investment Trust and gave the company a “market perform” rating in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, PRO Real Estate Investment Trust presently has an average rating of “Hold” and a consensus target price of C$5.83.

PRO Real Estate Investment Trust Trading Up 0.4%

Shares of CVE PRV.UN opened at C$2.30 on Friday. The stock 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 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.