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).
ILLEGAL ACTIVITY NOTICE: “Liberum Capital Reiterates “Buy” Rating for Real Estate Investors (LON:RLE)” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/12/real-estate-investors-rle-rating-reiterated-by-liberum-capital.html.
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.
Receive News & Ratings for Real Estate Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Real Estate Investors and related companies with MarketBeat.com's FREE daily email newsletter.