CIBC Raises True North Commercial REIT (TSE:TNT.UN) Price Target to C$11.25

True North Commercial REIT (TSE:TNT.UN) had its price target hoisted by equities research analysts at CIBC from C$9.50 to C$11.25 in a research report issued to clients and investors on Monday,BayStreet.CA reports.

A number of other equities research analysts also recently commented on the company. Canaccord Genuity Group increased their price objective on True North Commercial REIT from C$9.00 to C$12.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Raymond James increased their price target on True North Commercial REIT from C$10.00 to C$12.50 in a research report on Friday, September 6th.

True North Commercial REIT Price Performance

The firm has a market capitalization of C$163.83 million, a price-to-earnings ratio of -3.52 and a beta of 1.57. True North Commercial REIT has a one year low of C$6.52 and a one year high of C$14.05. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. The company’s 50 day simple moving average is C$12.53 and its 200 day simple moving average is C$10.31.

About True North Commercial REIT

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.