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

True North Commercial REIT (TSE:TNT.UN) had its price objective trimmed by Canaccord Genuity Group from C$12.00 to C$11.00 in a research report released on Thursday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

True North Commercial REIT Trading Down 5.6 %

Shares of TSE TNT.UN opened at C$10.55 on Thursday. True North Commercial REIT has a 12 month low of C$7.77 and a 12 month high of C$14.05. The company has a market cap of C$152.55 million, a price-to-earnings ratio of -3.26 and a beta of 1.57. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73. The business has a fifty day simple moving average of C$8.95 and a 200-day simple moving average of C$10.75.

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.