PRO Real Estate Investment Trust (CVE:PRV.UN – Get Free Report) received a C$7.50 target price from Desjardins in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 226.09% from the company’s current price.
A number of other equities analysts have also commented on the stock. Canadian Imperial Bank of Commerce upgraded shares of PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and lifted their price target for the stock from C$7.00 to C$7.50 in a report on Friday, August 14th. Raymond James Financial decreased their price target 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 research note on Friday, August 14th. TD upped their target price on PRO Real Estate Investment Trust from C$7.00 to C$7.50 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Royal Bank Of Canada raised their price target on shares of PRO Real Estate Investment Trust from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, PRO Real Estate Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of C$7.45.
View Our Latest Report on PRV.UN
PRO Real Estate Investment Trust Stock Up 0.4%
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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