Desjardins Issues Positive Forecast for PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price target upped by Desjardins from C$7.50 to C$8.00 in a research note released on Friday,BayStreet reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently weighed in on PRV.UN. Raymond James Financial lowered their price target on 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. TD raised their target price on PRO Real Estate Investment Trust from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research note on Friday, August 14th. Royal Bank Of Canada increased 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. Finally, Canadian Imperial Bank of Commerce upgraded PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and increased their target price for the company from C$7.00 to C$7.50 in a research note on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, PRO Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.67.

PRO Real Estate Investment Trust Stock Performance

CVE:PRV.UN opened at C$2.30 on Friday. The stock’s fifty day moving average price is C$2.30 and its two-hundred day moving average price is C$2.30. PRO Real Estate Investment Trust has a 1 year low of C$1.80 and a 1 year high of C$2.45.

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.