PRO Real Estate Investment Trust (CVE:PRV.UN) Given a C$7.50 Price Target at Desjardins

PRO Real Estate Investment Trust (CVE:PRV.UN) has been given a C$7.50 price target by analysts at Desjardins in a research note issued to investors on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 226.09% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada boosted their price target on PRO Real Estate Investment Trust from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a report on Friday, August 14th. TD raised their price objective on PRO Real Estate Investment Trust from C$7.00 to C$7.50 and gave the company a “buy” rating in a research note on Friday, August 14th. Raymond James Financial decreased their target price on PRO Real Estate Investment Trust from C$7.50 to C$7.25 and set a “market perform” rating on the stock in a research report on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce raised PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and boosted their target price for the stock from C$7.00 to C$7.50 in a research note on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PRO Real Estate Investment Trust has a consensus rating of “Moderate Buy” and an average target price of C$7.45.

PRO Real Estate Investment Trust Stock Up 0.4%

CVE PRV.UN traded up C$0.01 on Thursday, hitting C$2.30. 80,531 shares of the company’s stock were exchanged, compared to its average volume of 103,855. The stock has a 50-day moving average of C$2.30 and a 200-day moving average of C$2.30. PRO Real Estate Investment Trust has a 52 week low of C$1.80 and a 52 week high of C$2.45.

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.