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

True North Commercial REIT (TSE:TNT.UN) had its price target upped by CIBC from C$9.50 to C$11.25 in a research report sent to investors on Monday,BayStreet.CA reports.

Several other research firms also recently weighed in on TNT.UN. Canaccord Genuity Group upped their price target on True North Commercial REIT from C$9.00 to C$12.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Raymond James increased their target price on True North Commercial REIT from C$10.00 to C$12.50 in a research note on Friday, September 6th.

True North Commercial REIT Trading Up 1.7 %

TNT.UN opened at C$11.30 on Monday. The business has a 50 day simple moving average of C$12.51 and a two-hundred day simple moving average of C$10.32. The firm has a market capitalization of C$163.40 million, a price-to-earnings ratio of -3.49 and a beta of 1.57. 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 one year low of C$6.52 and a one year high of C$14.05.

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.