PRO Real Estate Investment Trust (CVE:PRV.UN) Price Target Raised to C$7.00 at TD

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price objective raised by research analysts at TD from C$6.50 to C$7.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s target price suggests a potential upside of 204.35% from the stock’s previous close.

Separately, Canadian Imperial Bank of Commerce downgraded shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their price target for the stock from C$6.75 to C$7.00 in a research report on Friday. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$6.50.

PRO Real Estate Investment Trust Stock Up 0.4%

CVE PRV.UN traded up C$0.01 on Friday, hitting C$2.30. 80,531 shares of the company were exchanged, compared to its average volume of 103,855. The firm has a 50 day moving average of C$2.30 and a two-hundred day moving average of 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.

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.