NewRiver REIT (LON:NRR) Receives “Buy” Rating from Jefferies Financial Group

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a report released on Wednesday,Digital Look reports. They currently have a GBX 92 target price on the real estate investment trust’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 11.58% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 98 price target on shares of NewRiver REIT in a research report on Tuesday, June 2nd. Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a research report on Tuesday. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 100 price objective on shares of NewRiver REIT in a research report on Friday, May 1st. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 96.67.

NewRiver REIT Stock Performance

NRR opened at GBX 82.45 on Wednesday. The stock has a market capitalization of £355.10 million, a price-to-earnings ratio of 11.61, a PEG ratio of -3.14 and a beta of 0.62. NewRiver REIT has a fifty-two week low of GBX 65.70 and a fifty-two week high of GBX 84. The company has a debt-to-equity ratio of 113.05, a quick ratio of 3.00 and a current ratio of 73.44. The company has a fifty day moving average of GBX 78.29 and a 200 day moving average of GBX 75.42.

NewRiver REIT (LON:NRR) last posted its earnings results on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 EPS for the quarter. The company had revenue of £131 million for the quarter. NewRiver REIT had a return on equity of 6.98% and a net margin of 24.37%. As a group, sell-side analysts forecast that NewRiver REIT will post 7.4795268 earnings per share for the current fiscal year.

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.