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

by · The Cerbat Gem

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN – Get Free Report) had its price target raised by 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. National Bankshares’ price objective suggests a potential downside of 10.75% from the stock’s current price.

MHC.UN has been the subject of several other reports. Raymond James upped their target price on shares of Flagship Communities Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company a “strong-buy” rating in a research note on Friday. Desjardins raised their target price 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 research note on Friday. Four 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.com, the stock currently has an average rating of “Buy” and a consensus target price of C$20.10.

Check Out Our Latest Research Report on Flagship Communities Real Estate Investment Trust

Flagship Communities Real Estate Investment Trust Price Performance

Shares of TSE MHC.UN traded up C$0.79 on Friday, hitting C$23.53. The company’s stock had a trading volume of 3,752 shares, compared to its average volume of 2,052. The company has a market capitalization of C$332.71 million, a price-to-earnings ratio of 5.00 and a beta of 0.28. The stock has a 50 day moving average of C$21.11 and a 200-day moving average of C$20.77. Flagship Communities Real Estate Investment Trust has a 12-month low of C$18.00 and a 12-month high of C$24.70.

About Flagship Communities Real Estate Investment Trust

(Get Free Report)

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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