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 trimmed by Canaccord Genuity Group from C$12.00 to C$11.00 in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

True North Commercial REIT Stock Performance

Shares of TNT.UN stock opened at C$10.55 on Thursday. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06. True North Commercial REIT has a fifty-two week low of C$7.77 and a fifty-two week high of C$14.05. The stock’s 50-day moving average is C$8.95 and its two-hundred day moving average is C$10.75. The firm has a market cap of C$152.55 million, a P/E ratio of -3.26 and a beta of 1.57.

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.