PRO Real Estate Investment Trust (CVE:PRV.UN – Get Free Report) had its price objective boosted by stock analysts at Desjardins from C$6.75 to C$7.50 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 226.09% from the company’s previous close.
Several other analysts have also issued reports on the stock. Canadian Imperial Bank of Commerce lowered shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and boosted their price target for the company from C$6.75 to C$7.00 in a research report on Friday, May 15th. TD raised shares of PRO Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$7.00 price objective for the company in a report on Thursday, June 11th. Finally, Royal Bank Of Canada set a C$7.25 price objective on shares of PRO Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$7.07.
Read Our Latest Research Report on PRO Real Estate Investment Trust
PRO Real Estate Investment Trust Price Performance
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.
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