True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) Receives $7.17 Consensus Price Target from Brokerages
True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF – Get Rating) has been assigned an average rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $7.17.
Several equities research analysts have issued reports on the stock. Raymond James decreased their price target on shares of True North Commercial Real Estate Investment Trust from C$7.75 to C$7.00 in a research note on Monday, May 9th. Industrial Alliance Securities assumed coverage on shares of True North Commercial Real Estate Investment Trust in a research note on Wednesday, June 8th. They set a “hold” rating and a C$7.00 price target on the stock. Canaccord Genuity Group decreased their price target on shares of True North Commercial Real Estate Investment Trust from C$7.00 to C$6.75 in a research note on Tuesday, May 10th. Finally, National Bank Financial decreased their price target on shares of True North Commercial Real Estate Investment Trust from C$7.50 to C$7.00 in a research note on Wednesday, April 27th.
OTCMKTS:TUERF opened at $4.92 on Friday. The firm has a 50-day moving average price of $5.04 and a two-hundred day moving average price of $5.50. True North Commercial Real Estate Investment Trust has a twelve month low of $3.86 and a twelve month high of $6.20.
True North Commercial Real Estate Investment Trust Company Profile (Get Rating)
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 48 commercial properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit rated tenants.
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