Supermarket Income REIT (LON:SUPR) Hits New 1-Year High – Still a Buy?

Supermarket Income REIT (LON:SUPR)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 88.70 and last traded at GBX 88.27, with a volume of 3207628 shares traded. The stock had previously closed at GBX 87.40.

Analysts Set New Price Targets

Several research firms have issued reports on SUPR. Stifel Nicolaus upped their price target on shares of Supermarket Income REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Peel Hunt reissued an “add” rating and issued a GBX 85 target price on shares of Supermarket Income REIT in a research note on Thursday, November 20th. Finally, Jefferies Financial Group increased their target price on Supermarket Income REIT from GBX 73 to GBX 77 and gave the company a “hold” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 85.67.

Supermarket Income REIT Stock Performance

The company has a quick ratio of 1.95, a current ratio of 0.50 and a debt-to-equity ratio of 62.01. The company has a market capitalization of £1.09 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 15.09 and a beta of 0.31. The stock’s fifty day moving average price is GBX 83.57 and its two-hundred day moving average price is GBX 80.86.

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.