PRO Real Estate Investment Trust (CVE:PRV.UN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of PRO Real Estate Investment Trust (CVE:PRV.UN – Get Free Report) have received an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$6.58.

PRV.UN has been the subject of several recent analyst reports. Desjardins raised their price target on PRO Real Estate Investment Trust from C$6.50 to C$6.75 and gave the company a “hold” rating in a report on Tuesday. Canadian Imperial Bank of Commerce cut PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and raised their price target for the company from C$6.75 to C$7.00 in a report on Friday, May 15th. Finally, TD raised their price target on PRO Real Estate Investment Trust from C$6.50 to C$7.00 and gave the company a “hold” rating in a report on Friday, May 15th.

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Read Our Latest Stock Analysis on PRV.UN

PRO Real Estate Investment Trust Price Performance

PRV.UN opened at C$2.30 on Friday. The business has a 50 day simple moving average of C$2.30 and a 200-day simple moving average of C$2.30. PRO Real Estate Investment Trust has a 12 month low of C$1.80 and a 12 month high of C$2.45.

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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