RDI Reit (LON:RDI) had its target price upped by JPMorgan Chase & Co. from GBX 75 ($0.98) to GBX 95 ($1.24) in a note issued to investors on Tuesday, Digital Look reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 5.56% from the stock’s current price.
A number of other research firms have also issued reports on RDI. Berenberg Bank reaffirmed a “buy” rating and set a GBX 100 ($1.31) target price on shares of RDI Reit in a report on Monday, September 7th. Canaccord Genuity raised RDI Reit to a “buy” rating and set a GBX 80 ($1.05) target price on the stock in a report on Wednesday, May 20th. Peel Hunt reaffirmed a “buy” rating and set a GBX 105 ($1.37) target price on shares of RDI Reit in a report on Wednesday, September 2nd. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 105 ($1.37) target price on shares of RDI Reit in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 105.83 ($1.38).
LON:RDI opened at GBX 90 ($1.18) on Tuesday. The business’s 50-day moving average price is GBX 87.31 and its 200 day moving average price is GBX 78.87. The firm has a market cap of $342.28 million and a P/E ratio of -3.78. RDI Reit has a 52-week low of GBX 0.83 ($0.01) and a 52-week high of GBX 143.22 ($1.87). The company has a quick ratio of 1.40, a current ratio of 6.09 and a debt-to-equity ratio of 103.31.
RDI Reit Company Profile
RDI is a UK Real Estate Investment Trust (UK-REIT) committed to becoming the UK's leading income focused REIT. The Company's income-led business model and strategic priorities are designed to offer shareholders superior, sustainable and growing income returns, with a target growth in underlying earnings per share of 3%-5% across the medium term.
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