The Goldman Sachs Group Cuts Supermarket Income REIT (LON:SUPR) Price Target to GBX 88

Supermarket Income REIT (LON:SUPR) had its price target decreased by The Goldman Sachs Group from GBX 93 to GBX 88 in a report issued on Monday,London Stock Exchange reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 95 target price on shares of Supermarket Income REIT in a research report on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 86.25.

Supermarket Income REIT Price Performance

SUPR stock opened at GBX 80.25 on Monday. The stock has a market cap of £1.00 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 15.09 and a beta of 0.54. The company has a debt-to-equity ratio of 80.37, a current ratio of 1.73 and a quick ratio of 1.95. The company has a 50 day simple moving average of GBX 84.15 and a 200 day simple moving average of GBX 81.59. Supermarket Income REIT has a 1 year low of GBX 71.48 and a 1 year high of GBX 89.20.

Supermarket Income REIT (LON:SUPR) last posted its earnings results on Wednesday, March 11th. The company reported GBX 2.70 earnings per share for the quarter. Supermarket Income REIT had a net margin of 54.91% and a return on equity of 5.56%. Research analysts anticipate that Supermarket Income REIT will post 6.0284281 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Sapna Shah acquired 47,380 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average cost of GBX 84 per share, for a total transaction of £39,799.20. Also, insider Frances Davies bought 30,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of GBX 84 per share, for a total transaction of £25,200. In the last quarter, insiders have bought 95,280 shares of company stock worth $8,003,520. 0.22% of the stock is 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.