Supermarket Income REIT (LON:SUPR) Receives "Add" Rating from Peel Hunt

Key Points

• Supermarket Income REIT received an "add" rating from Peel Hunt with a target price of GBX 85, indicating a potential upside of 7.32% from its previous close.
• The company's stock increased by 1.8% to open at GBX 79.20, with a market cap of £987.02 million and a P/E ratio of 1,414.29.
• Recent insider transactions included purchases of 63,945 and 41,000 shares by insiders at an average price of GBX 78, suggesting confidence in the company's future performance.

Peel Hunt reissued their add rating on shares of Supermarket Income REIT (LON:SUPR - Free Report) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The firm currently has a GBX 85 price objective on the stock.

Supermarket Income REIT Stock Performance

LON:SUPR traded up GBX 0.30 during trading hours on Wednesday, reaching GBX 78.30. 2,026,930 shares of the company's stock were exchanged, compared to its average volume of 4,781,230. Supermarket Income REIT has a 1-year low of GBX 65.20 and a 1-year high of GBX 87. The firm has a market capitalization of £975.81 million, a price-to-earnings ratio of 1,398.21, a P/E/G ratio of 15.09 and a beta of 0.31. The company has a quick ratio of 1.95, a current ratio of 0.50 and a debt-to-equity ratio of 62.01. The company has a 50-day moving average of GBX 79.63 and a 200 day moving average of GBX 79.39.

Supermarket Income REIT (LON:SUPR - Get Free Report) last released its earnings results on Wednesday, September 17th. The company reported GBX 6 EPS for the quarter. Supermarket Income REIT had a negative net margin of 19.76% and a negative return on equity of 1.89%. Research analysts anticipate that Supermarket Income REIT will post 6.0284281 EPS for the current year.

Insider Transactions at Supermarket Income REIT

In other news, insider Andrew Nicholas Hewson purchased 41,000 shares of the stock in a transaction dated Thursday, July 24th. The stock was acquired at an average cost of GBX 78 per share, for a total transaction of £31,980. Also, insider Sapna Shah bought 63,945 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was bought at an average cost of GBX 78 per share, for a total transaction of £49,877.10. Insiders own 0.19% of the company's stock.

Supermarket Income REIT Company Profile

Supermarket Income REIT plc (LSE: SUPR, JSE: SRI) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. The Company's supermarkets are let to leading supermarket operators in the UK and Europe, diversified by both tenant and geography. The Company's assets earn long-dated, secure, inflation-linked, growing income.