PRO Real Estate Investment Trust (CVE:PRV.UN) PT Lowered to C$5.50 at National Bankshares

PRO Real Estate Investment Trust (CVE:PRV.UN) had its target price reduced by equities researchers at National Bankshares from C$6.00 to C$5.50 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 139.13% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. TD Securities raised their target price on shares of PRO Real Estate Investment Trust from C$4.75 to C$5.50 and gave the company a “hold” rating in a research report on Friday, March 22nd. Raymond James lifted their target price on PRO Real Estate Investment Trust from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$6.05.

PRO Real Estate Investment Trust Trading Up 0.4 %

CVE PRV.UN traded up C$0.01 during trading on Wednesday, hitting C$2.30. The stock had a trading volume of 80,531 shares, compared to its average volume of 103,855. PRO Real Estate Investment Trust has a 12 month low of C$1.80 and a 12 month high of C$2.45. The company’s 50-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 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.