PRO Real Estate Investment Trust (CVE:PRV.UN) Given a C$7.25 Price Target by Royal Bank Of Canada Analysts

PRO Real Estate Investment Trust (CVE:PRV.UN) has been given a C$7.25 target price by Royal Bank Of Canada in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 215.22% from the stock’s current price.

A number of other brokerages have also issued reports on PRV.UN. Canadian Imperial Bank of Commerce lowered shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and increased their target price for the stock from C$6.75 to C$7.00 in a research report on Friday, May 15th. Desjardins raised their price objective on PRO Real Estate Investment Trust from C$6.50 to C$6.75 and gave the stock a “hold” rating in a research note on Tuesday, May 19th. Finally, TD raised PRO Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$7.00 price objective for the company in a report on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$6.68.

PRO Real Estate Investment Trust Trading Up 0.4%

CVE:PRV.UN traded up C$0.01 during trading hours on Wednesday, reaching C$2.30. 80,531 shares of the stock were exchanged, compared to its average volume of 103,855. PRO Real Estate Investment Trust has a twelve month low of C$1.80 and a twelve month high of C$2.45. The firm has a 50 day moving average of C$2.30 and a 200 day 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.