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 objective increased by CIBC from C$9.50 to C$11.25 in a research note released on Monday,BayStreet.CA reports.

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

True North Commercial REIT Price Performance

Shares of TSE:TNT.UN opened at C$11.42 on Monday. True North Commercial REIT has a 1-year low of C$6.52 and a 1-year high of C$14.05. The stock has a market cap of C$165.13 million, a PE ratio of -3.52 and a beta of 1.57. The stock’s fifty day simple moving average is C$12.53 and its two-hundred day simple moving average is C$10.31. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73.

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.