Newriver Reit (LON:NRR) Receives Buy Rating from Peel Hunt

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Newriver Reit (LON:NRR)‘s stock had its “buy” rating reissued by stock analysts at Peel Hunt in a report released on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also issued reports on the company. Berenberg Bank decreased their price target on Newriver Reit from GBX 248 ($3.24) to GBX 220 ($2.87) and set a “hold” rating for the company in a research note on Thursday, August 15th. Liberum Capital reaffirmed a “buy” rating and set a GBX 270 ($3.53) price target on shares of Newriver Reit in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 235 ($3.07).

Shares of LON NRR opened at GBX 184.80 ($2.41) on Tuesday. The stock has a fifty day moving average price of GBX 164.04 and a two-hundred day moving average price of GBX 201.52. The company has a debt-to-equity ratio of 63.22, a quick ratio of 1.26 and a current ratio of 1.29. The firm has a market cap of $570.18 million and a P/E ratio of -15.27. Newriver Reit has a 1 year low of GBX 143.20 ($1.87) and a 1 year high of GBX 264 ($3.45).

In other news, insider David Lockhart sold 72,021 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of GBX 189 ($2.47), for a total transaction of £136,119.69 ($177,864.48). Also, insider Allan Lockhart sold 20,032 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of GBX 160 ($2.09), for a total value of £32,051.20 ($41,880.57). Over the last ninety days, insiders have sold 120,907 shares of company stock valued at $21,646,853.

About Newriver Reit

NewRiver REIT plc (‘NewRiver') is a leading Real Estate Investment Trust specializing in buying, managing, developing and recycling convenience-led, community-focused retail and leisure assets throughout the UK. Our £1.3 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 19 conveniently located retail parks and over 650 community pubs.

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Analyst Recommendations for Newriver Reit (LON:NRR)

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