PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price Target Raised at Royal Bank Of Canada

PRO Real Estate Investment Trust (CVE:PRV.UN) had its target price hoisted by Royal Bank Of Canada from C$7.50 to C$8.00 in a research report sent to investors on Friday,BayStreet reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently weighed in on PRV.UN. Desjardins lifted their price target on shares of PRO Real Estate Investment Trust from C$7.50 to C$8.00 and gave the company a “buy” rating in a research report on Friday. Raymond James Financial increased their price objective on shares of PRO Real Estate Investment Trust from C$7.00 to C$7.25 and gave the stock a “market perform” rating in a research report on Friday. Canaccord Genuity Group increased their price objective on shares of PRO Real Estate Investment Trust from C$7.25 to C$7.75 and gave the stock a “buy” rating in a research report on Friday. TD raised their target price on shares of 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. Finally, Canadian Imperial Bank of Commerce upgraded shares of PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and lifted their target price for the company from C$7.00 to C$7.50 in a report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$7.67.

PRO Real Estate Investment Trust Stock Performance

PRV.UN stock opened at C$2.30 on Friday. The business has a fifty 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 52 week low of C$1.80 and a 52 week 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.