RDI Reit (LON:RDI)‘s stock had its “add” rating reaffirmed by equities researchers at Peel Hunt in a report released on Tuesday, ThisIsMoney.Co.Uk reports.
RDI has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on shares of RDI Reit from GBX 120 ($1.58) to GBX 140 ($1.84) and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Goldman Sachs Group upped their price target on shares of RDI Reit from GBX 140 ($1.84) to GBX 150 ($1.97) and gave the company a “buy” rating in a research report on Monday, October 28th. Peel Hunt reiterated 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. Finally, Berenberg Bank upped their price target on shares of RDI Reit from GBX 140 ($1.84) to GBX 150 ($1.97) and gave the company a “buy” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 144 ($1.89).
RDI stock opened at GBX 131 ($1.72) on Tuesday. The company has a fifty day moving average price of GBX 132.67 and a 200 day moving average price of GBX 121.46. RDI Reit has a 12 month low of GBX 98.40 ($1.29) and a 12 month high of GBX 166 ($2.18). The company has a market cap of $498.21 million and a price-to-earnings ratio of -6.42. The company has a debt-to-equity ratio of 94.12, a current ratio of 5.49 and a quick ratio of 1.00.
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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