PRO Real Estate Investment Trust (CVE:PRV.UN – Get Free Report) was up 0.4% during mid-day trading on Friday . The stock traded as high as C$2.30 and last traded at C$2.30. Approximately 80,531 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 103,855 shares. The stock had previously closed at C$2.29.
Analysts Set New Price Targets
A number of research analysts have recently commented on PRV.UN shares. Canadian Imperial Bank of Commerce raised PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and upped their target price for the company from C$7.00 to C$7.50 in a research note on Friday, August 14th. Desjardins raised their price target on PRO Real Estate Investment Trust from C$6.75 to C$7.50 and gave the stock a “buy” rating in a research note on Friday, August 14th. Raymond James Financial dropped their price objective on PRO Real Estate Investment Trust from C$7.50 to C$7.25 and set a “market perform” rating for the company in a report on Friday, August 14th. TD upped their price objective on 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. Finally, Royal Bank Of Canada lifted their target price on 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, PRO Real Estate Investment Trust presently has an average rating of “Moderate Buy” and an average target price of C$7.45.
View Our Latest Stock Analysis on PRV.UN
PRO Real Estate Investment Trust Stock Performance
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.
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