RDI Reit (LON:RDI) Receives “Add” Rating from Peel Hunt
Peel Hunt reissued their add rating on shares of RDI Reit (LON:RDI) in a research report sent to investors on Monday, ThisIsMoney.Co.Uk reports.
Other analysts have also issued reports about the stock. Berenberg Bank raised their price target on shares of RDI Reit from GBX 140 ($1.84) to GBX 150 ($1.97) and gave the stock a buy rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their price target on shares of RDI Reit from GBX 120 ($1.58) to GBX 140 ($1.84) and gave the stock a neutral rating in a research report on Wednesday, November 6th. Goldman Sachs Group raised their price target on shares of RDI Reit from GBX 140 ($1.84) to GBX 150 ($1.97) and gave the stock a buy rating in a research report on Monday, October 28th. Finally, Peel Hunt restated an add rating and issued a GBX 140 ($1.84) price target on shares of RDI Reit in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 144 ($1.89).
Shares of LON RDI opened at GBX 131.20 ($1.73) on Monday. RDI Reit has a twelve month low of GBX 98.40 ($1.29) and a twelve month high of GBX 166 ($2.18). The business has a fifty day simple moving average of GBX 130.79 and a two-hundred day simple moving average of GBX 118.24. The company has a quick ratio of 1.00, a current ratio of 5.49 and a debt-to-equity ratio of 94.12. The firm has a market cap of $498.98 million and a PE ratio of -6.43.
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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