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

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price objective cut by stock analysts at National Bankshares from C$6.00 to C$5.50 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 139.13% from the stock’s current price.

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

PRO Real Estate Investment Trust Trading Up 0.4 %

Shares of PRV.UN stock traded up C$0.01 during midday trading on Wednesday, hitting C$2.30. The company had a trading volume of 80,531 shares, compared to its average volume of 103,855. PRO Real Estate Investment Trust has a 52-week low of C$1.80 and a 52-week high of C$2.45. The company’s 50 day simple moving average is C$2.30 and its 200 day simple moving average is C$2.30.

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.