PRO Real Estate Investment Trust (CVE:PRV.UN – Get Free Report) had its price target boosted by stock analysts at Desjardins from C$6.75 to C$7.50 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 226.09% from the stock’s current price.
Several other research firms have also issued reports on PRV.UN. Royal Bank Of Canada set a C$7.25 target price on PRO Real Estate Investment Trust and gave the company an “outperform” rating in a report on Wednesday, June 24th. Canadian Imperial Bank of Commerce cut PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and boosted their price objective for the stock from C$6.75 to C$7.00 in a research report on Friday, May 15th. Finally, TD raised PRO Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$7.00 price objective on the stock in a research report on Thursday, June 11th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, PRO Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of C$7.07.
View Our Latest Stock Analysis on PRV.UN
PRO Real Estate Investment Trust Price Performance
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.
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