Analysts optimistic on Supermarket Income REIT outlook
The Supermarket Income REIT (LON:SUPR) share price has risen by 2.76% over the past month and it’s currently trading at 130.5p. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Supermarket Income REIT currently has:
3 Buy recommendations
2 Hold recommendations
0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
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Researching beyond broker forecasts
At its current price of 130.5p, shares in Supermarket Income REIT are trading at a discount of -3.33% to its 52 week high price. The 1-year performance of the shares has been 10.1%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Supermarket Income REIT it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Supermarket Income REIT that you can find out about here.