NewRiver REIT (LON:NRR) Stock Falls 0.6% – What’s Next?

Shares of NewRiver REIT plc (LON:NRR) traded down 0.6% during mid-day trading on Thursday. The company traded as low as GBX 79.10 and last traded at GBX 80.40. Approximately 332,879 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,768,623 shares. The stock had previously closed at GBX 80.90.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 87 price target on shares of NewRiver REIT in a report on Thursday, October 15th. Shore Capital Group reaffirmed a “house stock” rating on shares of NewRiver REIT in a report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat, NewRiver REIT has a consensus rating of “Buy” and an average price target of GBX 95.

NewRiver REIT Trading Down 0.6%

The business has a 50 day simple moving average of GBX 78.58 and a 200-day simple moving average of GBX 77.30. 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 stock has a market capitalization of £350.22 million, a P/E ratio of 11.32, a price-to-earnings-growth ratio of -3.14 and a beta of 0.66.

About NewRiver REIT

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.