Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Price Target Raised to C$21.00 at National Bankshares

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its target price raised by investment analysts at National Bankshares from C$20.00 to C$21.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock.

A number of other research firms also recently issued reports on MHC.UN. Raymond James increased their price objective on shares of Flagship Communities Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company a “strong-buy” rating in a research note on Friday. Desjardins increased their price objective on shares of 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$20.10.

Flagship Communities Real Estate Investment Trust Stock Performance

The company’s 50-day simple moving average is C$21.15 and its 200 day simple moving average is C$20.79. Flagship Communities Real Estate Investment Trust has a one year low of C$18.00 and a one year high of C$24.70. The company has a market capitalization of C$335.68 million, a P/E ratio of 5.04 and a beta of 0.28.

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.