Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Price Target Raised to C$20.00

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its price target upped by analysts at Raymond James from C$19.00 to C$20.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock.

Separately, Desjardins boosted 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 report on Friday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$20.10.

Flagship Communities Real Estate Investment Trust Price Performance

The company has a market cap of C$335.68 million, a P/E ratio of 5.04 and a beta of 0.28. Flagship Communities Real Estate Investment Trust has a twelve month low of C$18.00 and a twelve month high of C$24.70. The firm has a 50-day simple moving average of C$21.15 and a 200-day simple moving average of C$20.79.

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.