PRO Real Estate Investment Trust (CVE:PRV.UN) Given a C$6.75 Price Target by National Bankshares Analysts

PRO Real Estate Investment Trust (CVE:PRV.UN – Get Rating) received a C$6.75 target price from research analysts at National Bankshares in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 193.48% from the company’s previous close.

Several other research analysts have also recently issued reports on PRV.UN. Raymond James cut their price target on shares of PRO Real Estate Investment Trust from C$7.50 to C$7.00 and set a “market perform” rating for the company in a report on Friday, October 14th. Canaccord Genuity Group increased their price target on shares of PRO Real Estate Investment Trust from C$6.75 to C$7.00 in a report on Thursday, November 10th. Finally, TD Securities lowered their target price on shares of PRO Real Estate Investment Trust from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research report on Thursday, October 20th.

PRO Real Estate Investment Trust Price Performance

PRV.UN traded up C$0.01 on Wednesday, reaching 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 1 year low of C$1.80 and a 1 year high of C$2.45. The stock has a 50-day moving average price of C$2.30 and a 200-day moving average price of C$2.30.

About PRO Real Estate Investment Trust

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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.