True North Commercial REIT (TSE:TNT.UN) Price Target Raised to C$12.00

True North Commercial REIT (TSE:TNT.UN) had its price target raised by equities researchers at Canaccord Genuity Group from C$9.00 to C$12.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential downside of 8.33% from the stock’s previous close.

Separately, Raymond James raised their target price on True North Commercial REIT from C$10.00 to C$12.50 in a research note on Friday, September 6th.

True North Commercial REIT Stock Down 1.4 %

TNT.UN stock opened at C$13.09 on Monday. The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. The company has a market capitalization of C$189.28 million, a price-to-earnings ratio of -4.04 and a beta of 1.53. True North Commercial REIT has a fifty-two week low of C$6.33 and a fifty-two week high of C$14.05. The stock has a fifty day moving average of C$10.25 and a 200-day moving average of C$9.42.

True North Commercial REIT Company Profile

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 46 commercial properties consisting of approximately 3.7 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit-rated tenants.