Supermarket Income REIT (LON:SUPR) Stock Price Breaks Above 200 Day Moving Average - What's Next?

Key Points

• Supermarket Income REIT shares broke above their 200-day moving average, reaching GBX 84.45 and last trading at GBX 84.30 on unusually high volume of 108.6 million shares.
• Analyst sentiment is moderately positive: three analysts rate the stock “Buy” and two rate it “Hold,” producing an average price target of GBX 92.80. Peel Hunt raised its target to GBX 100, while Deutsche Bank cut its target to GBX 91.
• The company reported quarterly EPS of GBX 5.70, with a 75.21% net margin and 7.76% return on equity. Insiders also recently purchased shares, including acquisitions by Mike Perkins and Rob Abraham.

Supermarket Income REIT (LON:SUPR - Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 84.06 and traded as high as GBX 84.45. Supermarket Income REIT shares last traded at GBX 84.30, with a volume of 108,596,969 shares.

Wall Street Analysts Forecast Growth

SUPR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Supermarket Income REIT from GBX 92 to GBX 91 and set a "hold" rating for the company in a research note on Friday, October 2nd. Peel Hunt upgraded shares of Supermarket Income REIT to a "buy" rating and lifted their price objective for the company from GBX 90 to GBX 100 in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 90 target price on shares of Supermarket Income REIT in a report on Thursday, October 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Supermarket Income REIT presently has an average rating of "Moderate Buy" and an average price target of GBX 92.80.

Supermarket Income REIT Stock Performance

The firm has a market capitalization of £1.15 billion, a PE ratio of 12.22, a PEG ratio of 15.09 and a beta of 0.59. The company has a fifty day moving average price of GBX 83.14 and a 200-day moving average price of GBX 84.06.

Supermarket Income REIT (LON:SUPR - Get Free Report) last posted its earnings results on Wednesday, September 16th. The company reported GBX 5.70 EPS for the quarter. Supermarket Income REIT had a return on equity of 7.76% and a net margin of 75.21%. On average, equities analysts predict that Supermarket Income REIT will post 6.03 earnings per share for the current year.

Insider Transactions at Supermarket Income REIT

In related news, insider Mike Perkins bought 18,284 shares of the business's stock in a transaction dated Monday, September 28th. The shares were purchased at an average price of GBX 84 per share, with a total value of £15,358.56. Also, insider Rob Abraham purchased 30,387 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average price of GBX 82 per share, for a total transaction of £24,917.34. Company insiders own 0.26% 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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