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 target reduced by Canaccord Genuity Group from C$12.00 to C$11.00 in a report issued on Thursday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the stock.

True North Commercial REIT Price Performance

TNT.UN stock opened at C$10.73 on Thursday. 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 12-month low of C$7.77 and a 12-month high of C$14.05. The company has a market cap of C$155.16 million, a price-to-earnings ratio of -3.31 and a beta of 1.57. The firm has a 50 day moving average of C$8.97 and a 200-day 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.