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

Canaccord Genuity Group set a C$19.00 price target on Flagship Communities Real Estate Investment Trust (TSE:MHC.UN) in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Raymond James boosted 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 research report on Monday, January 8th. Desjardins decreased 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 on the stock in a research report on Thursday. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Buy and an average price target of C$19.58.

Flagship Communities Real Estate Investment Trust Stock Down 0.6 %

Shares of MHC.UN opened at C$20.52 on Thursday. The firm has a market cap of C$290.15 million and a PE ratio of 4.89. The firm has a fifty day moving average price of C$21.69. Flagship Communities Real Estate Investment Trust has a 1 year low of C$19.76 and a 1 year high of C$23.40.

Insiders Place Their Bets

In other Flagship Communities Real Estate Investment Trust news, Director Louis Marie Forbes acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average cost of C$15.35 per share, for a total transaction 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.