Jefferies Financial Group Reaffirms Buy Rating for Supermarket Income REIT (LON:SUPR)

Supermarket Income REIT (LON:SUPR)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 90 price target on the stock. Jefferies Financial Group‘s price target suggests a potential upside of 8.30% from the stock’s previous close.

A number of other research firms have also issued reports on SUPR. Peel Hunt upgraded Supermarket Income REIT to a “buy” rating and increased their target price for the company from GBX 90 to GBX 100 in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Supermarket Income REIT from GBX 92 to GBX 91 and set a “hold” rating on the stock in a report on Friday, October 2nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 92.80.

Supermarket Income REIT Trading Down 1.5%

Shares of SUPR opened at GBX 83.10 on Tuesday. The firm has a market capitalization of £1.14 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 15.09 and a beta of 0.59. The stock’s fifty day simple moving average is GBX 83.10 and its 200 day simple moving average is GBX 84.07. Supermarket Income REIT has a twelve month low of GBX 76.80 and a twelve month high of GBX 89.40.

Supermarket Income REIT (LON:SUPR) last posted its quarterly earnings results on Wednesday, September 16th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Supermarket Income REIT had a return on equity of 7.76% and a net margin of 75.21%. Sell-side analysts predict that Supermarket Income REIT will post 6.03 earnings per share for the current year.

Insider Activity

In related news, insider Rob Abraham purchased 30,387 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was acquired at an average price of GBX 82 per share, with a total value of £24,917.34. Also, insider Mike Perkins purchased 18,284 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was bought at an average cost of GBX 84 per share, for a total transaction of £15,358.56. Company insiders own 0.26% of the company’s stock.

About Supermarket Income REIT

Supermarket Income REIT plc (LSE: SUPR, JSE: SRI), a FTSE 250 company, is the only LSE listed company dedicated to investing in grocery properties which are an essential part of national food infrastructure. The Company focuses on grocery stores which are predominantly omnichannel, fulfilling online and in-person sales and are let to leading supermarket operators in the UK and Europe.

The Company’s properties earn long-dated, secure, inflation-linked, growing income. SUPR targets a progressive dividend and the potential for long term capital growth.