True North Commercial REIT (TSE:TNT.UN) Price Target Cut to C$1.75 by Analysts at Raymond James

True North Commercial REIT (TSE:TNT.UNGet Free Report) had its price objective decreased by equities researchers at Raymond James from C$2.00 to C$1.75 in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price objective suggests a potential upside of 31.58% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. Canaccord Genuity Group lowered their price objective on True North Commercial REIT from C$1.75 to C$1.25 and set a “hold” rating for the company in a research note on Wednesday. National Bankshares cut True North Commercial REIT from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$1.25 to C$1.50 in a research note on Tuesday. Finally, CIBC decreased their price target on True North Commercial REIT from C$3.00 to C$2.25 in a research note on Thursday, October 19th.

Get Our Latest Stock Analysis on TNT.UN

True North Commercial REIT Stock Up 7.3 %

Shares of TSE:TNT.UN opened at C$1.33 on Thursday. The stock has a fifty day simple moving average of C$1.92 and a two-hundred day simple moving average of C$2.32. The stock has a market capitalization of C$122.37 million, a price-to-earnings ratio of -19.00 and a beta of 1.51. True North Commercial REIT has a 12-month low of C$1.10 and a 12-month high of C$6.35. The company has a current ratio of 0.39, a quick ratio of 0.06 and a debt-to-equity ratio of 168.64.

True North Commercial REIT Company Profile

(Get Free Report)

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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