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).
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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