PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price Target Raised at Canaccord Genuity Group

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price target lifted by Canaccord Genuity Group from C$7.25 to C$7.75 in a report published on Friday,BayStreet reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. TD boosted 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. Canadian Imperial Bank of Commerce upgraded PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and increased their price objective for the stock from C$7.00 to C$7.50 in a report on Friday, August 14th. Royal Bank Of Canada upped their price objective on PRO Real Estate Investment Trust from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research report on Friday, August 14th. Raymond James Financial upped their price target on 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. Finally, Desjardins raised their price target on PRO Real Estate Investment Trust from C$7.50 to C$8.00 and gave the company a “buy” rating in a report on Friday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.67.

PRO Real Estate Investment Trust Trading Up 0.4%

Shares of PRV.UN opened at C$2.30 on Friday. PRO Real Estate Investment Trust has a 52 week low of C$1.80 and a 52 week high of C$2.45. The stock has a fifty day moving average of C$2.30 and a 200-day moving average of 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.