Deutsche Bank Aktiengesellschaft Cuts Supermarket Income REIT (LON:SUPR) Price Target to GBX 91

Supermarket Income REIT (LON:SUPR) had its price target decreased by Deutsche Bank Aktiengesellschaft from GBX 92 to GBX 91 in a report released on Friday,London Stock Exchange reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other equities analysts have also commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 89 target price on shares of Supermarket Income REIT in a report on Thursday, July 2nd. Peel Hunt raised shares of Supermarket Income REIT to a “buy” rating and boosted their price target for the stock from GBX 90 to GBX 100 in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Supermarket Income REIT currently has an average rating of “Moderate Buy” and an average target price of GBX 92.60.

Supermarket Income REIT Price Performance

Shares of SUPR opened at GBX 81.20 on Friday. The firm has a market cap of £1.11 billion, a P/E ratio of 11.77, a P/E/G ratio of 15.09 and a beta of 0.59. The stock has a 50 day simple moving average of GBX 84.52 and a two-hundred day simple moving average of GBX 84.02. Supermarket Income REIT has a 1 year low of GBX 76.80 and a 1 year 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 EPS for the quarter. Supermarket Income REIT had a net margin of 75.21% and a return on equity of 7.76%. On average, equities analysts anticipate that Supermarket Income REIT will post 6.0284281 earnings per share for the current year.

Insiders Place Their Bets

In other Supermarket Income REIT news, insider Roger Blundell sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of GBX 86, for a total value of £43,000. Also, insider Mike Perkins bought 18,284 shares of the business’s stock in a transaction dated Monday, September 28th. The stock was purchased at an average price of GBX 84 per share, for a total transaction of £15,358.56. Over the last ninety days, insiders bought 255,247 shares of company stock worth $21,173,398. 0.25% 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.