PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price Expected to Rise, CIBC Analyst Says

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price target increased by research analysts at CIBC from C$6.25 to C$6.50 in a research report issued on Friday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 182.61% from the company’s current price.

PRO Real Estate Investment Trust Stock Up 0.4 %

Shares of PRO Real Estate Investment Trust stock opened at C$2.30 on Friday. PRO Real Estate Investment Trust has a 12 month low of C$1.80 and a 12 month high of C$2.45. The business has a fifty day simple moving average of C$2.30 and a 200-day simple moving average of C$2.30.

PRO Real Estate Investment Trust Company Profile

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.