True North Commercial REIT (TSE:TNT.UN) Price Target Raised to C$11.25 at CIBC

True North Commercial REIT (TSE:TNT.UN) had its price target upped by equities research analysts at CIBC from C$9.50 to C$11.25 in a research report issued on Monday,BayStreet.CA reports. CIBC’s target price would indicate a potential downside of 1.83% from the company’s previous close.

Several other equities analysts have also recently issued reports on TNT.UN. Raymond James boosted their target price on shares of True North Commercial REIT from C$10.00 to C$12.50 in a research note on Friday, September 6th. Canaccord Genuity Group boosted their price target on shares of True North Commercial REIT from C$9.00 to C$12.00 and gave the stock a “hold” rating in a report on Monday, September 23rd.

True North Commercial REIT Stock Performance

Shares of TNT.UN traded down C$0.09 during trading hours on Monday, hitting C$11.46. The stock had a trading volume of 14,091 shares, compared to its average volume of 34,194. The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. The firm has a 50-day moving average price of C$12.53 and a 200 day moving average price of C$10.30. True North Commercial REIT has a fifty-two week low of C$6.52 and a fifty-two week high of C$14.05. The firm has a market capitalization of C$165.71 million, a price-to-earnings ratio of -3.54 and a beta of 1.57.

True North Commercial REIT Company Profile

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.