Urban Logistics REIT (LON:SHED) Hits New 12-Month Low at $153.40

Urban Logistics REIT plc (LON:SHEDGet Rating)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 153.40 ($1.85) and last traded at GBX 153.50 ($1.85), with a volume of 87607 shares traded. The stock had previously closed at GBX 155 ($1.87).

Analyst Ratings Changes

SHED has been the topic of several research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Urban Logistics REIT in a report on Friday, September 2nd. Berenberg Bank cut shares of Urban Logistics REIT to a “hold” rating and decreased their price target for the stock from GBX 210 ($2.54) to GBX 180 ($2.17) in a report on Wednesday, August 31st.

Urban Logistics REIT Trading Down 1.6 %

The firm has a market cap of £719.76 million and a P/E ratio of 316.33. The company has a debt-to-equity ratio of 27.80, a current ratio of 4.52 and a quick ratio of 4.48. The stock has a 50 day moving average of GBX 171.59 and a 200 day moving average of GBX 175.90.

About Urban Logistics REIT

(Get Rating)

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 AIM, part of the London Stock Exchange.

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