Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Stock Price Target Raised at Raymond James Financial

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) had its target price upped by equities research analysts at Raymond James Financial from C$25.00 to C$25.25 in a research note issued to investors on Wednesday, BayStreet reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James Financial’s price target would indicate a potential downside of 13.82% from the company’s current price.

Flagship Communities Real Estate Investment Trust Stock Down 0.7%

Shares of MHC.UN traded down C$0.20 during mid-day trading on Wednesday, hitting C$29.30. 200 shares of the company’s stock were exchanged, compared to its average volume of 2,682. The stock has a market cap of C$568.48 million, a price-to-earnings ratio of 5.89 and a beta of 0.36. The firm has a fifty day moving average of C$29.90 and a two-hundred day moving average of C$28.52. Flagship Communities Real Estate Investment Trust has a twelve month low of C$24.58 and a twelve month 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.