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

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN - Get Free Report) had its target price upped by research analysts at Raymond James from C$19.00 to C$20.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a "strong-buy" rating on the stock. Raymond James' target price would indicate a potential downside of 16.60% from the company's previous close.

Separately, Desjardins raised their target price on Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the company a "buy" rating in a research report on Friday. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$20.10.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of Flagship Communities Real Estate Investment Trust stock traded up C$0.33 during trading hours on Friday, hitting C$23.98. 3,902 shares of the company's stock traded hands, compared to its average volume of 2,101. Flagship Communities Real Estate Investment Trust has a 12-month low of C$18.00 and a 12-month high of C$24.70. The stock has a market capitalization of C$339.08 million, a price-to-earnings ratio of 5.09 and a beta of 0.28. The company has a fifty day simple moving average of C$21.26 and a 200-day simple moving average of C$20.85.

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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.