Urban Logistics REIT (LON:SHED) Given “Buy” Rating at Shore Capital

Posted by Maddie Sorensen on Sep 21st, 2024

Shore Capital reaffirmed their buy rating on shares of Urban Logistics REIT (LON:SHED – Free Report) in a report issued on Tuesday, MarketBeat reports.

Separately, Berenberg Bank reaffirmed a buy rating and issued a GBX 142 ($1.88) price target on shares of Urban Logistics REIT in a research note on Tuesday, July 2nd.

View Our Latest Research Report on SHED

Urban Logistics REIT Stock Down 1.0 %

Urban Logistics REIT stock opened at GBX 124.20 ($1.64) on Tuesday. Urban Logistics REIT has a twelve month low of GBX 98.10 ($1.30) and a twelve month high of GBX 131 ($1.73). The company has a debt-to-equity ratio of 46.83, a quick ratio of 2.30 and a current ratio of 1.67. The firm has a market cap of £473.48 million, a PE ratio of -887.14 and a beta of 0.82. The firm’s 50 day moving average price is GBX 122.27 and its two-hundred day moving average price is GBX 119.11.

Insider Activity

In other Urban Logistics REIT news, insider Bruce Anderson bought 23,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was bought at an average cost of GBX 119 ($1.57) per share, with a total value of £27,370 ($36,155.88). 4.37% of the stock is owned by corporate insiders.

Urban Logistics REIT Company Profile

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Urban Logistics REIT plc (the "Company") and its subsidiaries (the "Group") carry on the business of property lettings throughout the United Kingdom. The Company is a public limited company incorporated and domiciled in England and Wales and listed on the Main Market of the London Stock Exchange.