CIBC Forecasts Strong Price Appreciation for PRO Real Estate Investment Trust (CVE:PRV.UN) Stock

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price target raised by stock analysts at CIBC from C$6.25 to C$6.50 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 182.61% from the stock’s previous close.

PRO Real Estate Investment Trust Trading Up 0.4 %

PRO Real Estate Investment Trust stock traded up C$0.01 during mid-day trading on Friday, hitting C$2.30. The company’s stock had a trading volume of 80,531 shares, compared to its average volume of 103,855. The stock’s fifty day moving average is C$2.30 and its two-hundred day moving average is C$2.30. PRO Real Estate Investment Trust has a 1 year low of C$1.80 and a 1 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.