Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) had its price target increased by Raymond James Financial from C$22.25 to C$22.75 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a "strong-buy" rating on the stock. Raymond James Financial's target price points to a potential downside of 9.72% from the company's current price.
Several other research firms have also recently issued reports on MHC.UN. Scotiabank raised their price target on Flagship Communities Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. TD Securities raised their price target on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. National Bankshares raised their price target on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.75 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada raised their price target on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Flagship Communities Real Estate Investment Trust currently has an average rating of "Buy" and an average target price of C$21.50.
Check Out Our Latest Research Report on Flagship Communities Real Estate Investment Trust
Flagship Communities Real Estate Investment Trust Price Performance
Shares of MHC.UN stock traded up C$0.20 during trading hours on Friday, hitting C$25.20. 300 shares of the company's stock were exchanged, compared to its average volume of 2,653. The stock's 50-day moving average is C$24.83 and its 200-day moving average is C$23.21. The stock has a market cap of C$356.33 million, a price-to-earnings ratio of 5.35 and a beta of 0.28. Flagship Communities Real Estate Investment Trust has a 52 week low of C$18.90 and a 52 week high of C$26.05.
About Flagship Communities Real Estate Investment Trust
(
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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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