Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Supermarket Income REIT (LON:SUPR) Stock Price

Key Points

• Deutsche Bank lowered its price target for Supermarket Income REIT from GBX 92 to GBX 91 while maintaining a “hold” rating, implying 12.28% potential upside from the prior close.
• Analyst sentiment remains broadly positive, with three “buy” ratings and two “hold” ratings producing a “Moderate Buy” consensus and an average target price of GBX 92.60.
• The stock opened at GBX 81.05 and was down 0.4%; meanwhile, insiders purchased 255,247 shares worth about £21.2 million over the past three months.

Supermarket Income REIT (LON:SUPR - Get Free Report) had its price objective dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 92 to GBX 91 in a report released on Friday, London Stock Exchange reports. The firm presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 12.28% from the stock's previous close.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group reissued a "buy" rating and set a GBX 89 price objective on shares of Supermarket Income REIT in a research note on Thursday, July 2nd. Peel Hunt raised shares of Supermarket Income REIT to a "buy" rating and lifted their price objective for the stock from GBX 90 to GBX 100 in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 92.60.

Supermarket Income REIT Stock Down 0.4%

Supermarket Income REIT stock opened at GBX 81.05 on Friday. Supermarket Income REIT has a 52-week low of GBX 76.80 and a 52-week high of GBX 89.40. The firm's fifty day moving average is GBX 84.52 and its 200 day moving average is GBX 84.02. The company has a market cap of £1.11 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 15.09 and a beta of 0.59.

Supermarket Income REIT (LON:SUPR - Get Free Report) last issued its quarterly earnings data on Wednesday, September 16th. The company reported GBX 5.70 EPS for the quarter. Supermarket Income REIT had a net margin of 75.21% and a return on equity of 7.76%. On average, equities research analysts anticipate that Supermarket Income REIT will post 6.0284281 earnings per share for the current fiscal year.

Insider Activity

In other Supermarket Income REIT news, insider Mike Perkins acquired 18,284 shares of the company's stock in a transaction that occurred on Monday, September 28th. The stock was bought at an average price of GBX 84 per share, for a total transaction of £15,358.56. Also, insider Rob Abraham acquired 30,387 shares of the business's stock in a transaction on Wednesday, September 16th. The stock was acquired at an average cost of GBX 82 per share, for a total transaction of £24,917.34. Insiders purchased 255,247 shares of company stock worth $21,173,398 in the last three months. Corporate insiders own 0.25% of the company's stock.

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.

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