Haywood Securities Lowers PRO Real Estate Investment Trust (CVE:PRV.UN) Price Target to C$7.75


PRO Real Estate Investment Trust (CVE:PRV.UN – Get Rating) had its target price lowered by stock analysts at Haywood Securities from C$7.90 to C$7.75 in a report issued on Friday, BayStreet.CA reports. Haywood Securities’ target price points to a potential upside of 236.96% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. CIBC reduced their price target on shares of PRO Real Estate Investment Trust from C$8.25 to C$7.75 in a research report on Monday, June 27th. Raymond James set a C$7.75 price target on shares of PRO Real Estate Investment Trust and gave the stock a “market perform” rating in a research report on Wednesday, June 29th.

PRO Real Estate Investment Trust Stock Performance

CVE:PRV.UN opened at C$2.30 on Friday. PRO Real Estate Investment Trust has a fifty-two week low of C$1.80 and a fifty-two week high of C$2.45. The company’s 50-day simple moving average is C$2.30 and its 200-day simple moving average is C$2.30.

PRO Real Estate Investment Trust Company Profile

(Get Rating)

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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