Supermarket Income REIT’s (SUPR) “Buy” Rating Reiterated at Jefferies Financial Group

Supermarket Income REIT (LON:SUPR)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 90 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 8.50% from the stock’s previous close.

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

Supermarket Income REIT Price Performance

SUPR traded up GBX 0.40 during midday trading on Thursday, reaching GBX 82.95. 2,095,423 shares of the company’s stock were exchanged, compared to its average volume of 12,335,898. The stock has a market capitalization of £1.13 billion, a PE ratio of 12.02, a P/E/G ratio of 15.09 and a beta of 0.59. The business’s 50-day moving average price is GBX 83.45 and its 200 day moving average price is GBX 83.99. 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 released 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%. As a group, analysts expect that Supermarket Income REIT will post 6.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mike Perkins purchased 18,284 shares of the stock in a transaction dated Monday, September 28th. The stock was acquired at an average cost of GBX 84 per share, for a total transaction of £15,358.56. Also, insider Roger Blundell sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of GBX 86, for a total transaction of £43,000. 0.26% of the stock is 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.