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 report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 90 price objective on the stock. Jefferies Financial Group’s price target indicates a potential upside of 8.50% from the company’s current price.

SUPR has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lowered their price target on Supermarket Income REIT from GBX 92 to GBX 91 and set a “hold” rating on the stock in a research report on Friday, October 2nd. Peel Hunt raised Supermarket Income REIT to a “buy” rating and boosted their price objective 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 given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 92.80.

Supermarket Income REIT Stock Up 0.5%

Shares of LON SUPR opened at GBX 82.95 on Thursday. The stock has a market cap of £1.13 billion, a P/E ratio of 12.02, a P/E/G ratio of 15.09 and a beta of 0.59. The firm’s 50-day simple moving average is GBX 83.45 and its 200 day simple moving average is GBX 83.99. Supermarket Income REIT has a fifty-two week low of GBX 76.80 and a fifty-two week high of GBX 89.40.

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

Insider Buying and Selling

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

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.