RDI Reit (LON:RDI) Earns Buy Rating from Peel Hunt
RDI Reit (LON:RDI)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a research note issued to investors on Friday, January 5th. They currently have a GBX 48 ($0.67) price target on the stock. Peel Hunt’s price target indicates a potential upside of 36.36% from the company’s current price.
Separately, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 43 ($0.60) price objective on shares of RDI Reit in a research note on Friday, October 27th.
Shares of RDI Reit (LON:RDI) traded up GBX 34.84 ($0.49) during mid-day trading on Friday, hitting GBX 35.20 ($0.49). The stock had a trading volume of 2,110,484 shares, compared to its average volume of 2,090,000. RDI Reit has a 1 year low of GBX 33.25 ($0.47) and a 1 year high of GBX 40.95 ($0.58). The company has a market capitalization of $665.84 and a PE ratio of 880.00.
About RDI Reit
RDI Reit PLC, formerly Redefine International P.L.C., is a United Kingdom-based real estate investment trust. The Company’s segments include UK Retail, UK Hotels, UK Commercial, Europe and Other. The UK Retail segment consists of approximately six shopping centers and over five retail parks. The UK Hotels segment consists of approximately eight hotels in Greater London and South East, England and over one hotel in Edinburgh, Scotland, and holds interests in Redefine BDL Hotel Group Limited, which leases and manages its hotel properties except for the Enfield Travelodge.
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