TD Securities Boosts PRO Real Estate Investment Trust (CVE:PRV.UN) Price Target to C$6.00

PRO Real Estate Investment Trust (CVE:PRV.UN) had its target price increased by TD Securities from C$5.50 to C$6.00 in a research note published on Monday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other analysts also recently commented on the company. Desjardins increased their price target on PRO Real Estate Investment Trust from C$5.75 to C$6.00 and gave the company a “hold” rating in a research report on Friday, August 15th. CIBC decreased their price target on PRO Real Estate Investment Trust from C$6.50 to C$5.75 in a research report on Thursday, May 22nd. Raymond James Financial increased their price target on PRO Real Estate Investment Trust from C$6.25 to C$6.50 and gave the company an “outperform” rating in a research report on Friday, August 15th. BMO Capital Markets set a C$5.00 price target on PRO Real Estate Investment Trust and gave the company a “market perform” rating in a research report on Friday, April 25th. Finally, National Bankshares increased their price target on PRO Real Estate Investment Trust from C$6.00 to C$6.25 and gave the company a “sector perform” rating in a research report on Friday, August 15th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$5.92.

PRO Real Estate Investment Trust Price Performance

Shares of PRO Real Estate Investment Trust stock opened at C$2.30 on Monday. PRO Real Estate Investment Trust has a 52 week low of C$1.80 and a 52 week high of C$2.45. The business has a 50 day moving average price of C$2.30 and a 200-day moving average price 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.