PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Gets Price Target Boost from Canaccord Genuity Group

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price objective increased by investment analysts at Canaccord Genuity Group from C$7.25 to C$7.75 in a report issued on Friday, BayStreet reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group‘s price target suggests a potential upside of 236.96% from the company’s previous close.

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

PRO Real Estate Investment Trust Stock Performance

PRO Real Estate Investment Trust stock traded up C$0.01 during trading hours on Friday, hitting C$2.30. 80,531 shares of the stock traded hands, compared to its average volume of 103,855. The firm’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 has a one year low of C$1.80 and a one 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.