Canaccord Genuity Group Issues Pessimistic Forecast for True North Commercial REIT (TSE:TNT.UN) Stock Price

True North Commercial REIT (TSE:TNT.UN) had its price objective reduced by analysts at Canaccord Genuity Group from C$12.00 to C$11.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 2.52% from the stock’s current price.

True North Commercial REIT Stock Up 1.7 %

TNT.UN opened at C$10.73 on Thursday. The business’s fifty day simple moving average is C$8.97 and its 200 day simple moving average is C$10.75. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73. True North Commercial REIT has a 52 week low of C$7.77 and a 52 week high of C$14.05. The firm has a market cap of C$155.16 million, a P/E ratio of -3.31 and a beta of 1.57.

True North Commercial REIT Company Profile

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties.