Jefferies Financial Group Reaffirms Buy Rating for Supermarket Income REIT (LON:SUPR)

Supermarket Income REIT (LON:SUPR)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They presently have a GBX 90 price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 8.96% from the stock’s current price.

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

Supermarket Income REIT Stock Performance

Shares of SUPR stock opened at GBX 82.60 on Thursday. Supermarket Income REIT has a 52-week low of GBX 76.80 and a 52-week high of GBX 89.40. The stock has a market cap of £1.13 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 15.09 and a beta of 0.59. The firm has a fifty day moving average of GBX 83.61 and a 200-day moving average of GBX 83.97.

Supermarket Income REIT (LON:SUPR) last issued its earnings results on Wednesday, September 16th. The company reported GBX 5.70 earnings per share 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 predict that Supermarket Income REIT will post 6.03 earnings per share for the current year.

Insider Transactions at Supermarket Income REIT

In other news, insider Rob Abraham acquired 30,387 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were purchased at an average cost of GBX 82 per share, with a total value of £24,917.34. Also, insider Roger Blundell sold 50,000 shares of the firm’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 transaction of £43,000. 0.26% of the stock is owned by 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.