PRO Real Estate Investment Trust (CVE:PRV.UN) Price Target Cut to C$5.50

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price target dropped by research analysts at National Bankshares from C$6.00 to C$5.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential upside of 139.13% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Raymond James upped their price target on PRO Real Estate Investment Trust from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. TD Securities upped their price target on PRO Real Estate Investment Trust from C$4.75 to C$5.50 and gave the company a “hold” rating in a research note on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$6.05.

PRO Real Estate Investment Trust Trading Up 0.4 %

Shares of PRV.UN opened at C$2.30 on Wednesday. The stock has a fifty day moving average price of C$2.30 and a two-hundred day moving average price of C$2.30. PRO Real Estate Investment Trust has a 52-week low of C$1.80 and a 52-week 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.