UK Commercial Property REIT Ltd 9.4% potential upside indicated by Peel Hunt Limited

UK Commercial Property REIT Ltd with ticker (LON:UKCM) now has a potential upside of 9.4% according to Peel Hunt Limited.



Peel Hunt Limited set a target price of 85 GBX for the company, which when compared to the UK Commercial Property REIT Ltd share price of 77 GBX at opening today (02/12/2021) indicates a potential upside of 9.4%. Trading has ranged between 63 (52 week low) and 85 (52 week high) with an average of 2,203,150 shares exchanging hands daily. The market capitalisation at the time of writing is £989,430,779.

UK Commercial Property REIT Limited, formerly UK Commercial Property Trust Limited, is a Guernsey-based closed-ended investment company. The Company’s investment objective is to provide ordinary shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified portfolio of the United Kingdom commercial properties. The Company invests in approximately four commercial property sectors: office, retail, industrial and leisure. The Company is permitted to invest approximately 15% of its total assets in indirect property funds, including in other listed investment companies. The Company is permitted to invest cash, held by it for working capital purposes and awaiting investment in cash deposits, gilts and money market funds. The Company’s assets consist of direct investments in the United Kingdom commercial property. Standard Life (Corporate Funds) Limited is the investment manager of the Company.