PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of PRO Real Estate Investment Trust (CVE:PRV.UN) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$7.67.

Several equities research analysts have recently commented on the company. Canaccord Genuity Group upped their target price on PRO Real Estate Investment Trust from C$7.25 to C$7.75 and gave the company a “buy” rating in a report on Friday. TD lifted their price target on PRO Real Estate Investment Trust from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce upgraded PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and boosted their price objective for the stock from C$7.00 to C$7.50 in a report on Friday, August 14th. Raymond James Financial upped their price objective on shares of PRO Real Estate Investment Trust from C$7.00 to C$7.25 and gave the company a “market perform” rating in a research note on Friday. Finally, Royal Bank Of Canada upped their price objective on shares of PRO Real Estate Investment Trust from C$7.50 to C$8.00 and gave the company an “outperform” rating in a research note on Friday.

PRO Real Estate Investment Trust Stock Performance

PRV.UN traded up C$0.01 on Friday, reaching C$2.30. The company had a trading volume of 80,531 shares, compared to its average volume of 103,855. The company has a fifty day moving average of C$2.30 and a 200-day moving average of C$2.30. PRO Real Estate Investment Trust has a one year low of C$1.80 and a one year 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.