RDI Reit (LON:RDI) had its price objective hoisted by research analysts at Berenberg Bank from GBX 40 ($0.52) to GBX 190 ($2.48) in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 29.53% from the company’s current price.
Separately, Peel Hunt reiterated a “buy” rating on shares of RDI Reit in a research report on Monday, January 28th.
LON:RDI traded down GBX 0.32 ($0.00) during trading hours on Friday, hitting GBX 146.68 ($1.92). The company’s stock had a trading volume of 366,991 shares, compared to its average volume of 2,120,000. RDI Reit has a 52-week low of GBX 33.25 ($0.43) and a 52-week high of GBX 40.95 ($0.54).
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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