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

True North Commercial REIT (TSE:TNT.UN) shares passed 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 traded.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TNT.UN shares. CIBC boosted their price objective on True North Commercial REIT from C$9.50 to C$11.25 in a report on Monday, November 18th. Canaccord Genuity Group lifted their price target on True North Commercial REIT from C$9.00 to C$12.00 and gave the company a “hold” rating in a research report on Monday, September 23rd.

True North Commercial REIT Stock Down 1.1 %

The business’s fifty day simple moving average is C$10.79 and its two-hundred day simple moving average is C$10.81. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06. The company has a market cap of C$139.25 million, a PE ratio of -2.97 and a beta of 1.57.

True North Commercial REIT Company Profile

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.