Urban Logistics REIT (LON:SHED) Stock Rating Reaffirmed by Berenberg Bank

Urban Logistics REIT (LON:SHED)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a report released on Tuesday, MarketBeat reports. They presently have a GBX 142 ($1.80) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 18.14% from the stock’s current price.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Urban Logistics REIT in a research report on Thursday, March 14th.

Urban Logistics REIT Stock Up 3.1 %

Shares of SHED opened at GBX 120.20 ($1.52) on Tuesday. The company has a 50-day simple moving average of GBX 119.65 and a 200-day simple moving average of GBX 119.60. The firm has a market capitalization of £458.23 million, a P/E ratio of -858.57 and a beta of 0.82. The company has a debt-to-equity ratio of 46.83, a quick ratio of 2.30 and a current ratio of 1.67. Urban Logistics REIT has a 52 week low of GBX 98.10 ($1.24) and a 52 week high of GBX 131 ($1.66).

About Urban Logistics REIT

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.