Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) PT Set at C$23.00 by National Bankshares

Key Points

• National Bankshares has set a target price of C$23.00 for Flagship Communities Real Estate Investment Trust, implying a potential downside of 12.38% from its previous close while maintaining an "outperform" rating.
• Raymond James Financial raised their target price for the stock from C$22.25 to C$22.75 and gave it a "strong-buy" rating, with an overall consensus rating of "Buy" based on multiple analysts.
• The stock remains stable at C$26.25 with a market cap of C$509.30 million, a PE ratio of 5.39, and a 12-month price range between C$20.01 and C$27.23.

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) received a C$23.00 target price from equities research analysts at National Bankshares in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price objective suggests a potential downside of 12.38% from the company's previous close.

Separately, Raymond James Financial lifted their target price on shares of Flagship Communities Real Estate Investment Trust from C$22.25 to C$22.75 and gave the stock a "strong-buy" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. Based on data from MarketBeat, Flagship Communities Real Estate Investment Trust has a consensus rating of "Buy" and an average target price of C$21.71.

Flagship Communities Real Estate Investment Trust Stock Performance

Shares of MHC.UN stock remained flat at C$26.25 during trading hours on Wednesday. 802 shares of the stock traded hands, compared to its average volume of 2,829. The firm has a 50 day moving average price of C$25.57 and a 200 day moving average price of C$24.54. The stock has a market cap of C$509.30 million, a PE ratio of 5.39 and a beta of 0.37. Flagship Communities Real Estate Investment Trust has a 12-month low of C$20.01 and a 12-month high of C$27.23.

About Flagship Communities Real Estate Investment Trust

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets, all of which are located in The United States. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions.

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