Canaccord Genuity Group Increases True North Commercial REIT (TSE:TNT.UN) Price Target to C$12.00

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

Separately, Raymond James lifted their price objective on shares of True North Commercial REIT from C$10.00 to C$12.50 in a report on Friday, September 6th.

True North Commercial REIT Stock Down 1.4 %

Shares of TSE TNT.UN opened at C$13.09 on Monday. The firm has a market capitalization of C$189.28 million, a PE ratio of -4.04 and a beta of 1.53. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. True North Commercial REIT has a 1 year low of C$6.33 and a 1 year high of C$14.05. The firm’s 50-day moving average is C$10.25 and its 200-day moving average is C$9.42.

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.