True North Commercial REIT (TSE:TNT.UN) Price Target Cut to C$5.00 by Analysts at Canaccord Genuity Group

True North Commercial REIT (TSE:TNT.UNGet Rating) had its price objective cut by research analysts at Canaccord Genuity Group from C$6.25 to C$5.00 in a research report issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential upside of 40.06% from the stock’s previous close.

True North Commercial REIT Trading Up 2.0 %

TNT.UN opened at C$3.57 on Wednesday. The company has a debt-to-equity ratio of 156.87, a quick ratio of 0.06 and a current ratio of 0.09. The stock has a market cap of C$327.15 million, a price-to-earnings ratio of 5.76 and a beta of 1.31. The stock’s 50 day moving average price is C$6.00 and its 200-day moving average price is C$5.96. True North Commercial REIT has a one year low of C$3.21 and a one year high of C$7.39.

About True North Commercial REIT

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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.

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