Peel Hunt restated their add rating on shares of Newriver Reit (LON:NRR) in a research note issued to investors on Tuesday morning. The firm currently has a GBX 365 ($5.04) price target on the real estate investment trust’s stock.
A number of other research firms also recently issued reports on NRR. Liberum Capital reiterated a buy rating and issued a GBX 370 ($5.11) target price on shares of Newriver Reit in a research report on Monday, January 8th. Berenberg Bank reiterated a buy rating and issued a GBX 385 ($5.32) target price on shares of Newriver Reit in a research report on Wednesday, November 22nd. Finally, Barclays reiterated an overweight rating and issued a GBX 380 ($5.25) target price on shares of Newriver Reit in a research report on Thursday, February 22nd.
Shares of Newriver Reit (LON NRR) opened at GBX 287.50 ($3.97) on Tuesday. Newriver Reit has a 12-month low of GBX 275.50 ($3.81) and a 12-month high of GBX 374.50 ($5.17). The stock has a market cap of $901.27 and a P/E ratio of 1,916.67.
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NewRiver REIT plc is a real estate investment trust engaged in the real estate business in the United Kingdom. The Company is a retail and leisure property investor, asset manager and developer. The Company owns or manages a portfolio of approximately 30 shopping centers, over 20 retail warehouses, a portfolio of approximately 360 public houses with retail and mixed-use development opportunities and a range of high street retail assets.
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