PRS Reit PLC 10.5% potential upside indicated by Berenberg Bank

PRS Reit PLC with ticker (LON:PRSR) now has a potential upside of 10.5% according to Berenberg Bank.



Berenberg Bank set a target price of 95 GBX for the company, which when compared to the PRS Reit PLC share price of 86 GBX at opening today (25/04/2023) indicates a potential upside of 10.5%. Trading has ranged between 75 (52 week low) and 113 (52 week high) with an average of 813,325 shares exchanging hands daily. The market capitalisation at the time of writing is £458,378,855.

The PRS REIT plc is a United Kingdom-based, closed-ended real estate investment trust that focuses on the private rented sector (PRS). The Company’s investment objective is to provide investors with an attractive level of income, together with the prospect of income and capital growth. The Company is creating a portfolio of newly built, professionally managed rental homes across the main conurbations of England, outside London. The Company has approximately 4,786 completed homes and over 693 contracted homes, and about 68 completed and contacted sites. The Company’s investment adviser is Sigma PRS Management Ltd.