PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price objective upped by Royal Bank Of Canada from C$7.50 to C$8.00 in a note issued to investors on Friday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective suggests a potential upside of 247.83% from the stock’s current price.

Several other research firms have also weighed in on PRV.UN. Desjardins lifted 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 research report on Friday. Canadian Imperial Bank of Commerce upgraded shares of PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and upped their price objective for the stock from C$7.00 to C$7.50 in a report on Friday, August 14th. TD boosted their price target on PRO Real Estate Investment Trust from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research report on Friday, August 14th. Canaccord Genuity Group upped their price target 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 note on Friday. Finally, Raymond James Financial lifted their target price 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 report on Friday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$7.67.

PRO Real Estate Investment Trust Stock Performance

Shares of CVE:PRV.UN traded up C$0.01 during midday trading on Friday, hitting C$2.30. 80,531 shares of the stock traded hands, compared to its average volume of 103,855. The business’s 50 day moving average is C$2.30 and its two-hundred day moving average is C$2.30. PRO Real Estate Investment Trust has a one year low of C$1.80 and a one year 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.