Newriver Reit (LON:NRR) Price Target Cut to GBX 240

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Newriver Reit (LON:NRR) had its price target decreased by analysts at Liberum Capital from GBX 250 ($3.29) to GBX 240 ($3.16) in a research note issued on Wednesday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Liberum Capital’s target price indicates a potential upside of 27.93% from the stock’s previous close.

A number of other analysts have also issued reports on NRR. Peel Hunt reiterated a “buy” rating on shares of Newriver Reit in a report on Wednesday. Barclays reduced their price objective on Newriver Reit from GBX 215 ($2.83) to GBX 200 ($2.63) and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Peel Hunt reaffirmed a “buy” rating and set a GBX 225 ($2.96) target price on shares of Newriver Reit in a research report on Wednesday, January 8th. Finally, HSBC lowered their target price on Newriver Reit from GBX 244 ($3.21) to GBX 232 ($3.05) and set a “buy” rating for the company in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 223.67 ($2.94).

Shares of LON:NRR opened at GBX 187.60 ($2.47) on Wednesday. The firm’s 50 day simple moving average is GBX 198.89 and its 200-day simple moving average is GBX 186.31. The company has a debt-to-equity ratio of 78.11, a quick ratio of 0.73 and a current ratio of 0.96. Newriver Reit has a one year low of GBX 143.20 ($1.88) and a one year high of GBX 246 ($3.24). The firm has a market cap of $574.30 million and a PE ratio of -9.38.

Newriver Reit Company Profile

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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