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 lifted by 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 firm currently has a “strong-buy” rating on the stock. Raymond James’ target price indicates a potential downside of 15.00% from the stock’s previous close.

Separately, Desjardins boosted their price target 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 report on Friday. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Flagship Communities Real Estate Investment Trust currently has a consensus rating of “Buy” and an average price target of C$20.10.

Flagship Communities Real Estate Investment Trust Trading Up 3.5 %

Flagship Communities Real Estate Investment Trust stock traded up C$0.79 during mid-day trading on Friday, reaching C$23.53. The company’s stock had a trading volume of 3,752 shares, compared to its average volume of 2,052. The firm has a market cap of C$332.71 million, a price-to-earnings ratio of 5.00 and a beta of 0.28. The business 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 twelve month low of C$18.00 and a twelve month high of C$24.70.

About Flagship Communities Real Estate Investment Trust

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.