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

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 target price on the stock. Jefferies Financial Group‘s target price indicates a potential upside of 8.30% from the stock’s current price.

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

Supermarket Income REIT Price Performance

LON SUPR opened at GBX 83.10 on Tuesday. Supermarket Income REIT has a 1-year low of GBX 76.80 and a 1-year high of GBX 89.40. The company has a market capitalization of £1.14 billion, a P/E ratio of 12.04, a PEG ratio of 15.09 and a beta of 0.59. The business has a 50 day moving average price of GBX 83.10 and a 200 day moving average price of GBX 84.07.

Supermarket Income REIT (LON:SUPR) last issued its quarterly earnings data 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%. On average, research analysts expect that Supermarket Income REIT will post 6.03 earnings per share for the current fiscal year.

Insider Activity at Supermarket Income REIT

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

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.