Liberum Capital Reiterates “Buy” Rating for Real Estate Investors (LON:RLE)

Real Estate Investors (LON:RLE)‘s stock had its “buy” rating reissued by Liberum Capital in a research note issued to investors on Thursday, February 1st. They presently have a GBX 70 ($0.98) target price on the stock. Liberum Capital’s target price suggests a potential upside of 29.63% from the stock’s current price.

Real Estate Investors (LON RLE) opened at GBX 55 ($0.77) on Thursday. Real Estate Investors has a 1 year low of GBX 52 ($0.73) and a 1 year high of GBX 65.39 ($0.92). The firm has a market cap of $90.77 and a PE ratio of 687.50.

In other news, insider Marcus Daly acquired 40,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average cost of GBX 58 ($0.81) per share, for a total transaction of £23,200 ($32,529.44).

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About Real Estate Investors

Real Estate Investors Plc (REI) is a real estate investment trust (REIT). The Company invests in real estate assets in the markets of central Birmingham and the Midlands. The Company generates rental income from retail, office and residential land and property, new lettings, rent reviews, lease renewals, refurbishment, change of use and planning gains.

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