True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) Price Target Cut to C$7.00

True North Commercial Real Estate Investment Trust (OTCMKTS:TUERFGet Rating) had its price target lowered by research analysts at Raymond James from C$7.75 to C$7.00 in a research report issued on Monday, The Fly reports.

Several other equities analysts also recently commented on the stock. Canaccord Genuity Group cut their price target on shares of True North Commercial Real Estate Investment Trust from C$7.50 to C$7.00 and set a “hold” rating on the stock in a report on Wednesday, April 6th. National Bank Financial cut their price target on shares of True North Commercial Real Estate Investment Trust from C$7.50 to C$7.00 in a report on Wednesday, April 27th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.25.

Shares of True North Commercial Real Estate Investment Trust stock traded down $0.05 during trading hours on Monday, reaching $5.05. The company’s stock had a trading volume of 120 shares, compared to its average volume of 1,297. True North Commercial Real Estate Investment Trust has a one year low of $3.86 and a one year high of $7.08. The firm has a 50 day moving average price of $5.60 and a 200-day moving average price of $5.74.

About True North Commercial Real Estate Investment Trust (Get Rating)

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 48 commercial properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit rated tenants.

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