Canaccord Genuity Group Lowers True North Commercial REIT (TSE:TNT.UN) Price Target to C$11.00

True North Commercial REIT (TSE:TNT.UN) had its price target cut by equities research analysts at Canaccord Genuity Group from C$12.00 to C$11.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 2.52% from the company’s previous close.

True North Commercial REIT Trading Up 1.7 %

TSE:TNT.UN opened at C$10.73 on Thursday. The firm has a market cap of C$155.16 million, a P/E ratio of -3.31 and a beta of 1.57. 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 stock’s 50 day simple moving average is C$8.97 and its 200-day simple moving average is C$10.75. True North Commercial REIT has a 12-month low of C$7.77 and a 12-month high of C$14.05.

True North Commercial REIT Company Profile

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties.