National Bankshares Trims PRO Real Estate Investment Trust (CVE:PRV.UN) Target Price to C$5.50

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price target cut by National Bankshares from C$6.00 to C$5.50 in a research note published on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

PRV.UN has been the topic of several other research reports. TD Securities raised their price target on PRO Real Estate Investment Trust from C$4.75 to C$5.50 and gave the company a hold rating in a report on Friday, March 22nd. Raymond James raised their price target on PRO Real Estate Investment Trust from C$6.00 to C$6.25 and gave the company an outperform rating in a report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of C$6.05.

PRO Real Estate Investment Trust Stock Up 0.4 %

CVE:PRV.UN opened at C$2.30 on Wednesday. The business’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 has a twelve month low of C$1.80 and a twelve 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.