CIBC Issues Positive Forecast for PRO Real Estate Investment Trust (CVE:PRV.UN) Stock Price

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

PRO Real Estate Investment Trust Stock Up 0.4 %

Shares of CVE:PRV.UN traded up C$0.01 during trading on Friday, hitting C$2.30. 80,531 shares of the company were exchanged, compared to its average volume of 103,855. The firm’s 50 day moving average price is C$2.30 and its 200-day moving average price is C$2.30. PRO Real Estate Investment Trust has a 12-month low of C$1.80 and a 12-month high of C$2.45.

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.