Real Estate Investors (RLE) Stock Rating Reaffirmed by Liberum Capital
Real Estate Investors (LON:RLE)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a report released on Monday. They currently have a GBX 70 ($0.94) price target on the stock. Liberum Capital’s price target would indicate a potential upside of 20.69% from the company’s current price.
Shares of Real Estate Investors (RLE) opened at GBX 58 ($0.78) on Monday. Real Estate Investors has a 52 week low of GBX 52 ($0.70) and a 52 week high of GBX 65.39 ($0.88).
In other Real Estate Investors news, insider Marcus Daly bought 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of GBX 58 ($0.78) per share, for a total transaction of £23,200 ($31,224.76).
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Real Estate Investors Plc (REI) is a real estate investment trust (REIT). The Company invests in real estate assets in the markets of central Birmingham and the Midlands. The Company generates rental income from retail, office and residential land and property, new lettings, rent reviews, lease renewals, refurbishment, change of use and planning gains.
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