Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Stock Price Target Cut by National Bank Financial

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its price objective dropped by stock analysts at National Bank Financial from C$26.50 to C$25.25 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential downside of 16.11% from the company’s previous close.

Separately, Raymond James Financial increased their price objective on 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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, Flagship Communities Real Estate Investment Trust currently has an average rating of “Strong Buy” and a consensus target price of C$25.25.

Flagship Communities Real Estate Investment Trust Price Performance

Shares of TSE MHC.UN remained flat at C$30.10 during mid-day trading on Wednesday. The stock had a trading volume of 505 shares, compared to its average volume of 2,641. Flagship Communities Real Estate Investment Trust has a one year low of C$24.58 and a one year high of C$32.50. The firm has a market capitalization of C$584.00 million, a P/E ratio of 6.05 and a beta of 0.36. The business’s 50-day simple moving average is C$30.00 and its 200-day simple moving average is C$28.76.

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.