PRO Real Estate Investment Trust (CVE:PRV.UN) Given New C$7.00 Price Target at TD

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price objective upped by TD from C$6.50 to C$7.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Separately, Canadian Imperial Bank of Commerce downgraded PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their price objective for the company from C$6.75 to C$7.00 in a research note on Friday. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$6.50.

PRO Real Estate Investment Trust Trading Up 0.4%

PRO Real Estate Investment Trust stock opened at C$2.30 on Friday. PRO Real Estate Investment Trust has a 12 month low of C$1.80 and a 12 month high of C$2.45. The business’s 50 day simple moving average is C$2.30 and its 200 day simple moving average is 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.