National Bankshares Forecasts Strong Price Appreciation for Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Stock

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its price objective lifted by equities research analysts at National Bankshares from C$20.00 to C$21.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock.

A number of other analysts have also weighed in on the stock. Raymond James increased their price objective on shares of Flagship Communities Real Estate Investment Trust from C$19.00 to C$20.00 and gave the stock a “strong-buy” rating in a research report on Friday. Desjardins increased their price objective on shares of Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the stock a “buy” rating in a research report on Friday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$20.10.

Flagship Communities Real Estate Investment Trust Stock Performance

Flagship Communities Real Estate Investment Trust has a 1-year low of C$18.00 and a 1-year 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. 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 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.