Desjardins 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 boosted by investment analysts at Desjardins from C$7.50 to C$8.00 in a research report issued to clients and investors on Friday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins‘s price target points to a potential upside of 247.83% from the company’s current price.

A number of other research firms also recently weighed in on PRV.UN. TD raised their price target on PRO Real Estate Investment Trust from C$7.00 to C$7.50 and gave the company a “buy” rating in a research note on Friday, August 14th. Raymond James Financial decreased their target price on shares of PRO Real Estate Investment Trust from C$7.50 to C$7.25 and set a “market perform” rating for the company in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce upgraded shares of PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and boosted their target price for the stock from C$7.00 to C$7.50 in a report on Friday, August 14th. Finally, Royal Bank Of Canada upped their price target on shares of PRO Real Estate Investment Trust from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.67.

PRO Real Estate Investment Trust Trading Up 0.4%

Shares of PRO Real Estate Investment Trust stock traded up C$0.01 during trading hours on Friday, reaching C$2.30. 80,531 shares of the company’s stock were exchanged, compared to its average volume of 103,855. The company has a 50 day moving average of C$2.30 and a two-hundred day moving average of C$2.30. PRO Real Estate Investment Trust has a fifty-two week low of C$1.80 and a fifty-two week high of C$2.45.

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.