Raymond James Boosts True North Commercial REIT (TSE:TNT.UN) Price Target to C$10.00

True North Commercial REIT (TSE:TNT.UN) had its price target boosted by Raymond James from C$9.75 to C$10.00 in a report released on Tuesday, BayStreet.CA reports.

A number of other analysts have also recently commented on the company. National Bankshares reduced their price target on True North Commercial REIT from C$8.75 to C$8.50 and set a sector perform rating for the company in a research report on Wednesday, April 24th. CIBC raised their target price on shares of True North Commercial REIT from C$9.00 to C$9.50 in a research note on Thursday, May 9th.

True North Commercial REIT Price Performance

TSE TNT.UN opened at C$9.03 on Tuesday. The company has a debt-to-equity ratio of 183.04, a current ratio of 0.33 and a quick ratio of 0.06. True North Commercial REIT has a 1-year low of C$6.33 and a 1-year high of C$14.83. The stock has a market capitalization of C$133.64 million, a price-to-earnings ratio of -3.36 and a beta of 1.51. The business’s fifty day moving average price is C$8.77 and its 200-day moving average price is C$8.91.

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.