Supermarket Income REIT (LON:SUPR) Rating Increased to Buy at Peel Hunt

Supermarket Income REIT (LON:SUPR) was upgraded by equities researchers at Peel Hunt to a “buy” rating in a report released on Wednesday,London Stock Exchange reports. The firm currently has a GBX 100 price objective on the stock, up from their prior price objective of GBX 90. Peel Hunt’s price target would suggest a potential upside of 15.01% from the company’s previous close.

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 89 target price on shares of Supermarket Income REIT in a research report on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 93.

Supermarket Income REIT Price Performance

SUPR stock traded up GBX 0.25 during trading on Wednesday, hitting GBX 86.95. 8,009,624 shares of the company’s stock traded hands, compared to its average volume of 14,444,856. Supermarket Income REIT has a 52 week low of GBX 76.22 and a 52 week high of GBX 89.40. The stock has a market capitalization of £1.08 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 15.09 and a beta of 0.59. The business has a fifty day simple moving average of GBX 85.73 and a 200 day simple moving average of GBX 84.29. The company has a debt-to-equity ratio of 80.37, a quick ratio of 1.95 and a current ratio of 1.73.

Insider Transactions at Supermarket Income REIT

In related news, insider Mike Perkins bought 12,048 shares of the company’s stock in a transaction dated Wednesday, July 15th. The stock was purchased at an average price of GBX 83 per share, for a total transaction of £9,999.84. Also, insider Cathryn Vanderspar bought 24,096 shares of the business’s stock in a transaction dated Wednesday, July 15th. The shares were bought at an average cost of GBX 83 per share, for a total transaction of £19,999.68. In the last quarter, insiders have bought 206,576 shares of company stock worth $17,145,808. 0.24% of the stock is currently owned by corporate insiders.

Supermarket Income REIT Company Profile

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.