PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price Target Raised at Canaccord Genuity Group

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price objective upped by stock analysts at Canaccord Genuity Group from C$7.25 to C$7.75 in a research note issued on Friday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price suggests a potential upside of 236.96% from the stock’s current price.

PRV.UN has been the subject of a number of other reports. TD raised their price objective 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 research note on Friday, August 14th. Canadian Imperial Bank of Commerce upgraded shares of PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and upped their target price for the stock from C$7.00 to C$7.50 in a research note on Friday, August 14th. Raymond James Financial increased their price target on shares of PRO Real Estate Investment Trust from C$7.00 to C$7.25 and gave the company a “market perform” rating in a report on Friday. Desjardins raised their price target on shares of PRO Real Estate Investment Trust from C$7.50 to C$8.00 and gave the company a “buy” rating in a research report on Friday. Finally, Royal Bank Of Canada boosted 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 report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$7.67.

PRO Real Estate Investment Trust Price Performance

Shares of CVE:PRV.UN traded up C$0.01 on Friday, hitting C$2.30. 80,531 shares of the company traded hands, compared to its average volume of 103,855. PRO Real Estate Investment Trust has a 52 week low of C$1.80 and a 52 week high of C$2.45. The stock has a 50 day simple moving average of C$2.30 and a 200-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.