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 Jefferies Financial Group in a research note issued to 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 8.30% from the company’s current price.

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

Supermarket Income REIT Price Performance

LON:SUPR opened at GBX 83.10 on Thursday. Supermarket Income REIT has a 1 year low of GBX 76.80 and a 1 year high of GBX 89.40. The stock’s fifty day moving average price is GBX 83.61 and its two-hundred day moving average price is GBX 83.97. The company has a market cap of £1.14 billion, a P/E ratio of 12.04, a P/E/G ratio of 15.09 and a beta of 0.59.

Supermarket Income REIT (LON:SUPR) last released 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, analysts expect that Supermarket Income REIT will post 6.03 earnings per share for the current fiscal year.

Insider Activity

In other Supermarket Income REIT news, insider Rob Abraham acquired 30,387 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was bought at an average price of GBX 82 per share, with a total value of £24,917.34. Also, insider Roger Blundell sold 50,000 shares of the company’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. Corporate insiders own 0.26% of the company’s stock.

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.