Jefferies Financial Group Raises Prs Reit (LON:PRSR) Price Target to GBX 120

Prs Reit (LON:PRSR - Get Free Report) had its price target upped by research analysts at Jefferies Financial Group from GBX 106 ($1.39) to GBX 120 ($1.58) in a research note issued on Thursday, Marketbeat reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's target price suggests a potential upside of 25.65% from the company's previous close.

Prs Reit Price Performance

LON:PRSR traded up GBX 1.50 ($0.02) during trading hours on Thursday, reaching GBX 95.50 ($1.26). 149,414 shares of the company traded hands, compared to its average volume of 693,726. The company has a debt-to-equity ratio of 60.00, a current ratio of 0.58 and a quick ratio of 0.39. The firm's 50-day moving average is GBX 83.13 and its 200-day moving average is GBX 79.84. The stock has a market cap of £524.53 million, a P/E ratio of 955.00, a P/E/G ratio of 0.34 and a beta of 0.53. Prs Reit has a 1-year low of GBX 65.50 ($0.86) and a 1-year high of GBX 97.50 ($1.28).

Insiders Place Their Bets

In other news, insider Stephen Smith purchased 60,000 shares of the stock in a transaction dated Wednesday, June 26th. The stock was acquired at an average cost of GBX 77 ($1.01) per share, for a total transaction of £46,200 ($60,749.51). 7.19% of the stock is owned by corporate insiders.

Prs Reit Company Profile

The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector ("PRS") and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company has investment of over £1bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of £0.56bn (gross) through its Initial Public Offering, on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021.