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

Supermarket Income REIT (LON:SUPR) had its target price decreased by equities researchers at The Goldman Sachs Group from GBX 93 to GBX 88 in a report released on Monday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 11.68% from the stock’s current price.

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

Supermarket Income REIT Trading Up 0.8%

Supermarket Income REIT stock traded up GBX 0.60 during trading hours on Monday, reaching GBX 78.80. 3,705,003 shares of the company’s stock were exchanged, compared to its average volume of 18,805,563. The firm’s 50 day simple moving average is GBX 84.43 and its 200 day simple moving average is GBX 81.59. Supermarket Income REIT has a twelve month low of GBX 71.48 and a twelve month high of GBX 89.20. The company has a quick ratio of 1.95, a current ratio of 1.73 and a debt-to-equity ratio of 80.37. The firm has a market capitalization of £982.04 million, a PE ratio of 16.08, a PEG ratio of 15.09 and a beta of 0.54.

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

Insider Buying and Selling

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