Desjardins Analysts Give PRO Real Estate Investment Trust (CVE:PRV.UN) a C$7.50 Price Target

by · The Markets Daily

Desjardins set a C$7.50 price objective on PRO Real Estate Investment Trust (CVE:PRV.UN – Free Report) in a research report report published on Thursday,BayStreet reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued research reports about the company. TD lifted their price objective on PRO Real Estate Investment Trust from C$7.00 to C$7.50 and gave the stock a “buy” rating in a report on Friday, August 14th. Canadian Imperial Bank of Commerce raised PRO Real Estate Investment Trust from a “neutral” rating to an “outperformer” rating and increased their target price for the company from C$7.00 to C$7.50 in a report on Friday, August 14th. Royal Bank Of Canada raised their target price on 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, August 14th. Finally, Raymond James Financial lowered their price objective on shares of 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 note on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$7.45.

Get Our Latest Report on PRV.UN

PRO Real Estate Investment Trust Trading Up 0.4%

Shares of PRV.UN opened at C$2.30 on Thursday. The firm has a fifty day simple moving average of C$2.30 and a two-hundred day simple moving average of C$2.30. PRO Real Estate Investment Trust has a 1-year low of C$1.80 and a 1-year high of C$2.45.

About PRO Real Estate Investment Trust

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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.

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