True North Commercial REIT (TSE:TNT.UN) Given New C$9.50 Price Target at CIBC

True North Commercial REIT (TSE:TNT.UN) had its target price increased by equities researchers at CIBC from C$9.25 to C$9.50 in a research note issued on Thursday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 5.32% from the stock’s current price.

True North Commercial REIT Price Performance

Shares of True North Commercial REIT stock traded down C$0.17 on Thursday, reaching C$9.02. The company’s stock had a trading volume of 18,541 shares, compared to its average volume of 20,146. The stock has a 50-day moving average price of C$9.19 and a 200-day moving average price of C$9.25. True North Commercial REIT has a 52-week low of C$7.77 and a 52-week high of C$11.89. The company has a market capitalization of C$126.09 million, a P/E ratio of -4.22 and a beta of 1.23. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73.

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.