True North Commercial REIT (TSE:TNT.UN) Given New C$10.50 Price Target at Raymond James

True North Commercial REIT (TSE:TNT.UN) had its target price boosted by equities research analysts at Raymond James from C$10.00 to C$10.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James’ target price suggests a potential upside of 11.11% from the stock’s current price.

TNT.UN has been the subject of a number of other reports. National Bankshares lowered their price target on True North Commercial REIT from C$8.75 to C$8.50 and set a “sector perform” rating for the company in a report on Wednesday. CIBC boosted their target price on shares of True North Commercial REIT from C$8.05 to C$9.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st.

True North Commercial REIT Stock Down 0.5 %

True North Commercial REIT stock traded down C$0.05 during midday trading on Wednesday, hitting C$9.45. The stock had a trading volume of 9,694 shares, compared to its average volume of 42,733. The company has a current ratio of 0.41, a quick ratio of 0.06 and a debt-to-equity ratio of 182.25. The business has a fifty day moving average price of C$8.94 and a 200 day moving average price of C$7.26. True North Commercial REIT has a 12 month low of C$6.33 and a 12 month high of C$19.32. The stock has a market cap of C$141.66 million, a P/E ratio of -3.65 and a beta of 1.53.

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.