Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) had its target price reduced by stock analysts at Scotiabank from C$21.50 to C$20.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Scotiabank's price target suggests a potential downside of 2.53% from the company's current price.
A number of other analysts have also recently weighed in on the company. Raymond James reduced their price target on Flagship Communities Real Estate Investment Trust from C$20.75 to C$19.25 and set a "strong-buy" rating for the company in a research report on Thursday. Canaccord Genuity Group set a C$19.00 target price on Flagship Communities Real Estate Investment Trust and gave the stock a "buy" rating in a research report on Thursday. National Bankshares set a C$19.75 price target on Flagship Communities Real Estate Investment Trust and gave the company an "outperform" rating in a report on Thursday. Finally, Desjardins decreased their price objective on shares of Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a "buy" rating for the company in a report on Thursday. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Flagship Communities Real Estate Investment Trust presently has an average rating of "Buy" and an average price target of C$19.58.
View Our Latest Stock Analysis on MHC.UN
Flagship Communities Real Estate Investment Trust Stock Performance
Shares of Flagship Communities Real Estate Investment Trust stock traded down C$0.13 during midday trading on Thursday, reaching C$20.52. 1,250 shares of the company's stock traded hands, compared to its average volume of 958. The stock has a market capitalization of C$290.15 million and a P/E ratio of 4.92. Flagship Communities Real Estate Investment Trust has a 52 week low of C$19.76 and a 52 week high of C$23.40. The firm has a 50 day moving average of C$21.72.
Insider Transactions at Flagship Communities Real Estate Investment Trust
In related news, Director Louis Marie Forbes bought 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 24th. The stock was purchased at an average cost of C$15.35 per share, for a total transaction of C$30,700.00. 0.40% of the stock is currently owned by corporate insiders.
About Flagship Communities Real Estate Investment Trust
(
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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.
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