PRO Real Estate Investment Trust (CVE:PRV.UN) Upgraded by Canadian Imperial Bank of Commerce to “Outperformer” Rating

Canadian Imperial Bank of Commerce upgraded shares of PRO Real Estate Investment Trust (CVE:PRV.UN) from a neutral rating to an outperformer rating in a report issued on Friday,BayStreet.CA reports. The firm currently has C$7.50 price objective on the stock, up from their previous price objective of C$7.00.

A number of other equities research analysts have also weighed in on the company. Raymond James Financial cut their price objective on PRO Real Estate Investment Trust from C$7.50 to C$7.25 and set a “market perform” rating on the stock in a research report on Friday. Royal Bank Of Canada lifted their target price on shares of PRO Real Estate Investment Trust from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research report on Friday. Desjardins lifted their price target on shares of PRO Real Estate Investment Trust from C$6.75 to C$7.50 and gave the company a “buy” rating in a report on Friday. Finally, TD increased 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 report on Friday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$7.21.

PRO Real Estate Investment Trust Stock Up 0.4%

PRO Real Estate Investment Trust stock opened at C$2.30 on Friday. PRO Real Estate Investment Trust has a one year low of C$1.80 and a one year high of C$2.45. The business has a fifty 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.