Raymond James Financial Issues Positive Forecast for PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price objective lifted by analysts at Raymond James Financial from C$7.00 to C$7.25 in a report released on Friday, BayStreet reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial‘s price objective suggests a potential upside of 215.22% from the company’s previous close.

PRV.UN has been the topic of a number of other research reports. Royal Bank Of Canada boosted their price target on shares of PRO Real Estate Investment Trust from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Desjardins lifted their target price on shares of PRO Real Estate Investment Trust from C$7.50 to C$8.00 and gave the stock a “buy” rating in a research note on Friday. Canadian Imperial Bank of Commerce upgraded shares of PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and boosted their target price for the company from C$7.00 to C$7.50 in a report on Friday, August 14th. Finally, TD upped their price target on shares of PRO Real Estate Investment Trust from C$7.00 to C$7.50 and gave the company a “buy” rating in a research report on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$7.67.

PRO Real Estate Investment Trust Stock Performance

PRV.UN stock traded up C$0.01 during trading on Friday, hitting C$2.30. The company had a trading volume of 80,531 shares, compared to its average volume of 103,855. The business 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 one year low of C$1.80 and a one year high of C$2.45.

PRO Real Estate Investment Trust Company Profile

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.