Urban Logistics REIT’s (SHED) “Buy” Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of Urban Logistics REIT (LON:SHED) in a report issued on Tuesday morning, MarketBeat.com reports.

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

Urban Logistics REIT Price Performance

SHED opened at GBX 125.40 ($1.66) on Tuesday. The company has a current ratio of 1.67, a quick ratio of 2.30 and a debt-to-equity ratio of 46.83. The stock has a market capitalization of £478.05 million, a P/E ratio of -895.71 and a beta of 0.82. The stock has a 50-day moving average price of GBX 122.21 and a 200-day moving average price of GBX 119.05. Urban Logistics REIT has a 12-month low of GBX 98.10 ($1.30) and a 12-month high of GBX 131 ($1.73).

Insider Buying and Selling at Urban Logistics REIT

In related news, insider Bruce Anderson purchased 23,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were acquired at an average cost of GBX 119 ($1.57) per share, with a total value of £27,370 ($36,155.88). Company insiders own 4.37% of the company’s stock.

Urban Logistics REIT Company Profile

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.