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 hoisted by equities research analysts at National Bankshares from C$20.00 to C$21.75 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential downside of 12.90% from the company’s current price.

MHC.UN has been the topic of several other research reports. Royal Bank of Canada raised their target price on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research note on Thursday. TD Securities increased their price objective on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Thursday. Desjardins raised their price objective on shares of Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the company a “buy” rating in a research note on Friday, March 14th. Scotiabank lifted their target price on shares of Flagship Communities Real Estate Investment Trust from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Raymond James upped their target price on shares of Flagship Communities Real Estate Investment Trust from C$20.75 to C$21.50 and gave the company a “strong-buy” rating in a research report on Thursday. Five equities 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, Flagship Communities Real Estate Investment Trust presently has an average rating of “Buy” and a consensus target price of C$21.29.

Flagship Communities Real Estate Investment Trust Stock Up 1.9%

Shares of MHC.UN stock opened at C$24.97 on Thursday. The firm has a market cap of C$353.08 million, a price-to-earnings ratio of 5.30 and a beta of 0.28. Flagship Communities Real Estate Investment Trust has a 12 month low of C$18.00 and a 12 month high of C$25.50. The stock has a 50-day moving average price of C$23.70 and a 200 day moving average price of C$21.88.

About Flagship Communities Real Estate Investment Trust

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets, all of which are located in The United States. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions.