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 target raised by National Bankshares from C$20.00 to C$21.00 in a research report sent to investors on Friday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on MHC.UN. Desjardins raised their price target 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. 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 company a “strong-buy” rating in a research note 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 data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$20.10.

Flagship Communities Real Estate Investment Trust Stock Performance

Flagship Communities Real Estate Investment Trust has a fifty-two week low of C$18.00 and a fifty-two week high of C$24.70. The firm has a market cap of C$335.68 million, a PE ratio of 5.04 and a beta of 0.28. The stock has a fifty day moving average price of C$21.15 and a 200 day moving average price of C$20.79.

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.