RDI Reit (LON:RDI)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued on Tuesday. They presently have a GBX 40 ($0.52) price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 20.85% from the company’s current price.
Separately, Peel Hunt reaffirmed a “buy” rating on shares of RDI Reit in a report on Thursday, September 27th.
RDI traded down GBX 0.20 ($0.00) during midday trading on Tuesday, reaching GBX 33.10 ($0.43). The company’s stock had a trading volume of 934,091 shares, compared to its average volume of 2,120,000. RDI Reit has a twelve month low of GBX 33.25 ($0.43) and a twelve month high of GBX 40.95 ($0.54).
RDI is a FTSE 250 UK Real Estate Investment Trust (UK-REIT) committed to being 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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