Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) PT Set at C$19.00 by Canaccord Genuity Group

Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) has been assigned a C$19.00 price objective by equities researchers at Canaccord Genuity Group in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential downside of 9.05% from the stock’s current price.

MHC.UN has been the subject of a number of other reports. Raymond James raised their price target on 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 lowered their target price on Flagship Communities Real Estate Investment Trust from C$21.00 to C$19.50 and set a “buy” rating for the company in a research note on Thursday. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$19.58.

Flagship Communities Real Estate Investment Trust Trading Up 1.8 %

MHC.UN stock opened at C$20.89 on Thursday. The company has a market capitalization of C$295.38 million and a price-to-earnings ratio of 4.97. The firm has a 50 day simple moving average of C$21.67. Flagship Communities Real Estate Investment Trust has a 12-month low of C$19.76 and a 12-month high of C$23.40.

Insider Activity

In other news, Director Louis Marie Forbes acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was purchased at an average price of C$15.35 per share, for a total transaction of C$30,700.00. Company insiders own 0.40% of the company’s stock.

Flagship Communities Real Estate Investment Trust Company Profile

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.