Canaccord Genuity Group Has Lowered Expectations for True North Commercial REIT (TSE:TNT.UN) Stock Price

True North Commercial REIT (TSE:TNT.UN - Get Free Report) had its price target dropped by equities research analysts at Canaccord Genuity Group from C$12.00 to C$11.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 5.06% from the company's current price.

True North Commercial REIT Stock Performance

Shares of True North Commercial REIT stock traded down C$0.26 during trading on Thursday, hitting C$10.47. 23,214 shares of the stock were exchanged, compared to its average volume of 27,330. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. The company has a fifty day moving average price of C$8.97 and a 200-day moving average price of C$10.75. The stock has a market capitalization of C$151.40 million, a price-to-earnings ratio of -3.23 and a beta of 1.57. True North Commercial REIT has a 1-year low of C$7.77 and a 1-year high of C$14.05.

About True North Commercial REIT

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.