PRO Real Estate Investment Trust (CVE:PRV.UN – Get Free Report) shares rose 0.4% in midday trading on Friday. The stock traded as high as C$2.30 and closed at C$2.30. Approximately 80,531 shares were traded during trading, down 22% from the average daily trading volume of 103,855 shares. The stock had previously closed at C$2.29.
What Wall Street analysts are saying
Numerous brokerages have issued reports on PRV.UN. TD Securities increased 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. National Bankshares lowered their price target on PRO Real Estate Investment Trust from C$6.00 to C$5.50 and gave the company a “sector perform” rating in a report on Wednesday, April 24th. Three investment analysts have rated the company with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “hold” and an average price target of C$6.05.
Check out the latest stock report for PRV.UN
PRO Real Estate Investment Trust trading up 0.4%
The company's 50-day moving average price is C$2.30 and its 200-day moving average price is C$2.30.
About PRO Real Estate Investment Trust
(Get your free report)
PROREIT is an unincorporated, open-end real estate investment trust that owns 84 commercial properties across Canada with over 3.7 million gross rentable square feet. Founded in 2013, PROREIT is focused primarily on the strong secondary markets of Quebec, Atlantic Canada and Ontario, with select investments in Western Canada.
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