PRO Real Estate Investment Trust (CVE:PRV.UN) Price Target Cut to C$6.25 by Analysts at Raymond James

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price objective dropped by equities research analysts at Raymond James from C$6.50 to C$6.25 in a research note issued to investors on Monday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 171.74% from the stock’s current price.

Separately, CIBC upped their price target on PRO Real Estate Investment Trust from C$6.25 to C$6.50 in a research note on Friday, November 15th.

PRO Real Estate Investment Trust Stock Up 0.4 %

Shares of CVE:PRV.UN traded up C$0.01 during trading on Monday, hitting C$2.30. The stock had a trading volume of 80,531 shares, compared to its average volume of 103,855. PRO Real Estate Investment Trust has a 12 month low of C$1.80 and a 12 month high of C$2.45. The firm’s fifty day moving average is C$2.30 and its 200 day moving average is 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.