Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) Given a C$19.00 Price Target by Canaccord Genuity Group Analysts

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) has been assigned a C$19.00 price objective by research analysts at Canaccord Genuity Group in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential downside of 9.05% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Raymond James lifted their target price on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$20.50 and gave the stock an “outperform” rating in a report on Monday, January 8th. Desjardins reduced their target price on shares of Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a “buy” rating for the company in a report on Thursday. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$19.58.

Flagship Communities Real Estate Investment Trust Trading Up 1.8 %

Shares of MHC.UN opened at C$20.89 on Thursday. The company has a 50-day moving average price of C$21.67. Flagship Communities Real Estate Investment Trust has a one year low of C$19.76 and a one year high of C$23.40. The company has a market cap of C$295.38 million and a P/E ratio of 4.97.

Insider Buying and Selling at Flagship Communities Real Estate Investment Trust

In other Flagship Communities Real Estate Investment Trust news, Director Louis Marie Forbes acquired 2,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was purchased at an average price of C$15.35 per share, with a total value of C$30,700.00. Insiders own 0.40% of the company’s stock.

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.