PRO Real Estate Investment Trust (CVE:PRV.UN) Given Consensus Rating of “Hold” by Analysts

by · The Cerbat Gem

Shares of PRO Real Estate Investment Trust (CVE:PRV.UN – Get Free Report) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$6.68.

A number of analysts have recently commented on PRV.UN shares. Desjardins boosted their target price on shares of PRO Real Estate Investment Trust from C$6.50 to C$6.75 and gave the company a “hold” rating in a report on Tuesday, May 19th. Canadian Imperial Bank of Commerce lowered shares of PRO Real Estate Investment Trust from an “outperformer” rating to a “neutral” rating and increased their price target for the stock from C$6.75 to C$7.00 in a research note on Friday, May 15th. TD raised shares of PRO Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$7.00 price objective on the stock in a research note on Thursday, June 11th. Finally, Royal Bank Of Canada set a C$7.25 price objective on shares of PRO Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Wednesday, June 24th.

Check Out Our Latest Report on PRV.UN

PRO Real Estate Investment Trust Stock Up 0.4%

Shares of PRV.UN stock opened at C$2.30 on Friday. The business’s fifty day moving average is C$2.30 and its 200 day moving average is C$2.30. PRO Real Estate Investment Trust has a twelve month low of C$1.80 and a twelve month high of C$2.45.

About PRO Real Estate Investment Trust

(Get Free Report)

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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