True North Commercial REIT (TSE:TNT.UN) Price Target Lowered to C$1.25 at Canaccord Genuity Group

True North Commercial REIT (TSE:TNT.UN) had its price objective lowered by research analysts at Canaccord Genuity Group from C$1.75 to C$1.25 in a report released on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 0.81% from the stock’s previous close.

A number of other equities research analysts have also weighed in on TNT.UN. National Bankshares lowered shares of True North Commercial REIT from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$1.25 to C$1.50 in a research note on Tuesday. Raymond James lowered their price target on True North Commercial REIT from C$3.00 to C$2.00 in a report on Wednesday, October 25th. Finally, CIBC cut their price objective on shares of True North Commercial REIT from C$3.00 to C$2.25 in a research report on Thursday, October 19th.

True North Commercial REIT Stock Performance

Shares of TNT.UN stock opened at C$1.24 on Wednesday. The stock has a 50 day moving average price of C$1.95 and a two-hundred day moving average price of C$2.34. True North Commercial REIT has a fifty-two week low of C$1.10 and a fifty-two week high of C$6.35. The company has a debt-to-equity ratio of 168.64, a quick ratio of 0.06 and a current ratio of 0.39. The company has a market capitalization of C$114.09 million, a P/E ratio of -17.71 and a beta of 1.51.

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.