NewRiver REIT’s (NRR) “House Stock” Rating Reaffirmed at Shore Capital Group

Shore Capital Group reaffirmed their house stock rating on shares of NewRiver REIT (LON:NRR) in a report issued on Friday,Digital Look reports.

Several other equities analysts also recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 96 price objective on shares of NewRiver REIT in a research note on Friday, April 17th. Berenberg Bank lowered their price objective on shares of NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 98.

NewRiver REIT Trading Up 1.7%

NewRiver REIT stock traded up GBX 1.30 during mid-day trading on Friday, hitting GBX 76.30. The company’s stock had a trading volume of 818,904 shares, compared to its average volume of 2,249,463. The stock has a market cap of £328.61 million, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of -3.14 and a beta of 0.61. The business has a 50 day moving average price of GBX 74.45 and a 200-day moving average price of GBX 72.05. The company has a debt-to-equity ratio of 113.22, a current ratio of 1.94 and a quick ratio of 3.00. NewRiver REIT has a 12 month low of GBX 65.70 and a 12 month high of GBX 81.70.

NewRiver REIT Company Profile

NewRiver is a leading Real Estate Investment Trust specialising in buying, managing and developing retail and leisure assets across the UK. Every day, our shopping centres, retail parks and pubs provide essential goods and services to their local communities.