PRO Real Estate Investment Trust (CVE:PRV.UN) Price Target Raised to C$7.00 at TD

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price target boosted by equities research analysts at TD from C$6.50 to C$7.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s price objective indicates a potential upside of 204.35% from the company’s current price.

Separately, Canadian Imperial Bank of Commerce downgraded shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and increased their price target for the company from C$6.75 to C$7.00 in a research report on Friday. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$6.50.

PRO Real Estate Investment Trust Stock Performance

Shares of CVE:PRV.UN traded up C$0.01 during mid-day trading on Friday, reaching C$2.30. The stock had a trading volume of 80,531 shares, compared to its average volume of 103,855. The firm has a 50 day simple moving average of C$2.30 and a two-hundred day simple moving average of 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.

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.