PRO Real Estate Investment Trust (CVE:PRV.UN – Get Free Report)’s stock price traded up 0.4% during trading on Thursday. The company 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 session volume of 103,855 shares. The stock had previously closed at C$2.29.
Analysts Set New Price Targets
PRV.UN has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price objective 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 research report on Friday, August 14th. TD boosted their target price on shares of 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. Desjardins set a C$7.50 target price on shares of PRO Real Estate Investment Trust and gave the company a “buy” rating in a report on Thursday, October 1st. Canadian Imperial Bank of Commerce raised shares of PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and upped their price target for the company from C$7.00 to C$7.50 in a research report on Friday, August 14th. Finally, 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 report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$7.45.
View Our Latest Stock Analysis on PRO Real Estate Investment Trust
PRO Real Estate Investment Trust Stock Up 0.4%
The stock has a fifty day simple moving average of C$2.30 and a two-hundred day simple moving average of C$2.30.
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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