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

PRO Real Estate Investment Trust (CVE:PRV.UN) received a C$7.25 price target from Royal Bank Of Canada in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 215.22% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on PRV.UN. Canadian Imperial Bank of Commerce cut PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and upped their price target for the company from C$6.75 to C$7.00 in a research report on Friday, May 15th. Desjardins increased their target price on shares of 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 shares of PRO Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$7.00 price target for the company in a report on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$6.68.

PRO Real Estate Investment Trust Price Performance

CVE:PRV.UN traded up C$0.01 on Wednesday, reaching C$2.30. 80,531 shares of the company’s stock were exchanged, 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 fifty day simple moving average of C$2.30 and a 200-day simple moving average of C$2.30.

PRO Real Estate Investment Trust Company Profile

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.