Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Price Target Raised to C$20.00 at Raymond James

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its target price upped by equities research analysts at Raymond James from C$19.00 to C$20.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ target price would suggest a potential downside of 15.00% from the stock’s current price.

Separately, Desjardins boosted their price target on Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the company a “buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$20.10.

Flagship Communities Real Estate Investment Trust Trading Up 3.5 %

TSE:MHC.UN traded up C$0.79 on Friday, hitting C$23.53. 3,752 shares of the company’s stock traded hands, compared to its average volume of 2,052. The company has a market cap of C$332.71 million, a PE ratio of 5.00 and a beta of 0.28. The firm has a 50-day moving average price of C$21.11 and a 200-day moving average price of C$20.77. Flagship Communities Real Estate Investment Trust has a 1 year low of C$18.00 and a 1 year high of C$24.70.

Flagship Communities Real Estate Investment Trust Company Profile

Flagship Communities Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been formed to own and operate a portfolio of income-producing manufactured housing communities located in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, and Illinois, including a fleet of manufactured homes for lease to residents of such housing communities.