Supermarket Income REIT (LON:SUPR) Price Target Cut to GBX 88 by Analysts at The Goldman Sachs Group

Supermarket Income REIT (LON:SUPR) had its price objective decreased by The Goldman Sachs Group from GBX 93 to GBX 88 in a research report sent to investors on Monday morning,London Stock Exchange reports. The Goldman Sachs Group currently has a neutral rating on the stock.

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

Supermarket Income REIT Stock Performance

Shares of SUPR opened at GBX 78.80 on Monday. The company has a market capitalization of £982.04 million, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 15.09 and a beta of 0.54. Supermarket Income REIT has a 52-week low of GBX 71.48 and a 52-week 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 stock has a 50 day moving average price of GBX 84.31 and a 200 day moving average price of GBX 81.59.

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

Insider Activity at Supermarket Income REIT

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