Supermarket Income REIT (LON:SUPR) Upgraded at Peel Hunt

Peel Hunt upgraded shares of Supermarket Income REIT (LON:SUPR) to a buy rating in a research report released on Wednesday, Marketbeat Ratings reports. Peel Hunt currently has GBX 100 price target on the stock, up from their prior price target of GBX 90.

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 89 target price on shares of Supermarket Income REIT in a report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Supermarket Income REIT has a consensus rating of “Moderate Buy” and an average price target of GBX 93.

Supermarket Income REIT Price Performance

Shares of LON SUPR opened at GBX 87 on Wednesday. Supermarket Income REIT has a 1-year low of GBX 76.22 and a 1-year high of GBX 89.40. The business has a 50-day moving average of GBX 85.92 and a 200-day moving average of GBX 84.34. The company has a debt-to-equity ratio of 80.37, a current ratio of 1.73 and a quick ratio of 1.95. The company has a market capitalization of £1.08 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 15.09 and a beta of 0.59.

Insider Buying and Selling at Supermarket Income REIT

In other news, insider Rob Abraham purchased 60,240 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The shares were purchased at an average price of GBX 83 per share, with a total value of £49,999.20. Also, insider Cathryn Vanderspar purchased 24,096 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The shares were purchased at an average cost of GBX 83 per share, for a total transaction of £19,999.68. In the last 90 days, insiders acquired 206,576 shares of company stock worth $17,145,808. 0.26% of the stock is currently 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.