Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Stock Gets Price Target Reduction from National Bank Financial

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its price objective cut by National Bank Financial from C$26.50 to C$25.25 in a report published on Wednesday morning,BayStreet reports. They currently have an outperform rating on the stock.

Separately, Raymond James Financial lifted their price objective on shares of Flagship Communities Real Estate Investment Trust from C$25.00 to C$25.25 and gave the stock a “strong-buy” rating in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and an average price target of C$25.25.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of TSE:MHC.UN opened at C$29.89 on Wednesday. The company’s fifty day moving average price is C$29.93 and its 200-day moving average price is C$28.82. The firm has a market capitalization of C$579.93 million, a price-to-earnings ratio of 6.01 and a beta of 0.36. Flagship Communities Real Estate Investment Trust has a one year low of C$24.58 and a one year high of C$32.50.

Flagship Communities Real Estate Investment Trust Company Profile

Flagship Communities Real Estate Investment Trust is a leading operator of affordable residential MHCs primarily serving working families seeking affordable home ownership. The REIT owns and operates exceptional residential living experiences and investment opportunities in family-oriented communities in Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, West Virginia, and Illinois.