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

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

A number of other equities analysts also recently issued reports on PRV.UN. TD Securities increased their price target on shares of PRO Real Estate Investment Trust from C$4.75 to C$5.50 and gave the company a “hold” rating in a report on Friday, March 22nd. Raymond James increased their price target on shares of PRO Real Estate Investment Trust from C$6.00 to C$6.25 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$6.05.

PRO Real Estate Investment Trust Stock Performance

Shares of PRO Real Estate Investment Trust stock opened at C$2.30 on Wednesday. PRO Real Estate Investment Trust has a one year low of C$1.80 and a one year high of C$2.45. The firm has a fifty day moving average of C$2.30 and a two-hundred day moving average of C$2.30.

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.