PRO Real Estate Investment Trust (CVE:PRV.UN – Get Free Report)’s stock price shot up 0.4% on Friday. The company traded as high as C$2.30 and last traded at C$2.30. 80,531 shares traded 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
PRV.UN has been the subject of several recent research reports. TD raised their target price on shares of PRO Real Estate Investment Trust from C$7.00 to C$7.50 and gave the stock a “buy” rating in a report on Friday, August 14th. Raymond James Financial lowered their price target on shares of PRO Real Estate Investment Trust from C$7.50 to C$7.25 and set a “market perform” rating on the stock in a report on Friday, August 14th. Desjardins increased 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 report on Friday, August 14th. Royal Bank Of Canada lifted their price objective on PRO Real Estate Investment Trust from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce raised PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and boosted their price objective for the company from C$7.00 to C$7.50 in a report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$7.45.
Check Out Our Latest Analysis 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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