CIBC Boosts PRO Real Estate Investment Trust (CVE:PRV.UN) Price Target to C$6.50

PRO Real Estate Investment Trust (CVE:PRV.UN) had its price target hoisted by equities research analysts at CIBC from C$6.25 to C$6.50 in a report released on Friday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 182.61% from the stock’s previous close.

PRO Real Estate Investment Trust Trading Up 0.4 %

CVE PRV.UN opened at C$2.30 on Friday. PRO Real Estate Investment Trust has a 1-year low of C$1.80 and a 1-year high of C$2.45. The company has a 50 day moving average of C$2.30 and a 200-day moving average of 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.