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 target price upped by Desjardins from C$6.75 to C$7.50 in a report published on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

PRV.UN has been the topic of several other reports. TD upgraded shares of PRO Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$7.00 price objective on the stock in a research report on Thursday, June 11th. Royal Bank Of Canada set a C$7.25 price objective on PRO Real Estate Investment Trust and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Finally, Canadian Imperial Bank of Commerce lowered shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and lifted their price objective for the stock from C$6.75 to C$7.00 in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.21.

PRO Real Estate Investment Trust Price Performance

PRV.UN opened at C$2.30 on Friday. The firm has a 50 day moving average price of C$2.30 and a 200-day moving average price of C$2.30. PRO Real Estate Investment Trust has a twelve month low of C$1.80 and a twelve month 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.