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

PRO Real Estate Investment Trust (CVE:PRV.UNGet Free Report) had its target price hoisted by research analysts at Desjardins from C$6.50 to C$6.75 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price target indicates a potential upside of 193.48% from the company’s current price.

PRV.UN has been the subject of several other reports. Canadian Imperial Bank of Commerce lowered PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and increased their price objective for the stock from C$6.75 to C$7.00 in a report on Friday. TD increased their price objective on PRO Real Estate Investment Trust from C$6.50 to C$7.00 and gave the stock a “hold” rating in a report on Friday. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$6.58.

Read Our Latest Research Report on PRV.UN

PRO Real Estate Investment Trust Price Performance

Shares of CVE:PRV.UN traded up C$0.01 during midday trading on Tuesday, hitting C$2.30. 80,531 shares of the stock were exchanged, compared to its average volume of 103,855. PRO Real Estate Investment Trust has a 52-week low of C$1.80 and a 52-week high of C$2.45. The business’s fifty day simple moving average is C$2.30 and its two-hundred day simple moving average is C$2.30.

About PRO Real Estate Investment Trust

(Get Free Report)

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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Analyst Recommendations for PRO Real Estate Investment Trust (CVE:PRV.UN)

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