Royal Bank of Canada 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 boosted by investment analysts at Royal Bank of Canada from C$20.00 to C$21.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential downside of 15.90% from the company’s current price.

Several other equities research analysts have also issued reports on the company. Scotiabank lifted their price target on Flagship Communities Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Thursday. National Bankshares increased their price objective on Flagship Communities Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a report on Friday, March 14th. Raymond James lifted their target price on shares of Flagship Communities Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company a “strong-buy” rating in a research note on Friday, March 14th. Finally, Desjardins boosted their target price on shares of Flagship Communities Real Estate Investment Trust from C$19.50 to C$20.50 and gave the stock a “buy” rating in a research report on Friday, March 14th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Flagship Communities Real Estate Investment Trust presently has an average rating of “Buy” and an average price target of C$21.29.

Flagship Communities Real Estate Investment Trust Trading Up 1.9%

MHC.UN opened at C$24.97 on Thursday. The stock has a fifty day moving average price of C$23.70 and a 200 day moving average price of C$21.88. Flagship Communities Real Estate Investment Trust has a 1 year low of C$18.00 and a 1 year high of C$25.50. The stock has a market cap of C$353.08 million, a price-to-earnings ratio of 5.30 and a beta of 0.28.

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.