True North Commercial REIT (TSE:TNT.UN) Stock Price Passes Below 200-Day Moving Average – What’s Next?

True North Commercial REIT (TSE:TNT.UN) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.81 and traded as low as C$9.57. True North Commercial REIT shares last traded at C$9.63, with a volume of 19,455 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TNT.UN shares. Canaccord Genuity Group raised their price objective on shares of 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. CIBC boosted their price target on True North Commercial REIT from C$9.50 to C$11.25 in a research report on Monday, November 18th.

True North Commercial REIT Stock Down 1.1 %

The firm’s fifty day moving average is C$10.79 and its 200-day moving average is C$10.81. The stock has a market capitalization of C$139.25 million, a PE ratio of -2.97 and a beta of 1.57. 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.