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

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Newriver Reit (LON:NRR)‘s stock had its “buy” rating reiterated by Peel Hunt in a note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

Several other brokerages have also commented on NRR. HSBC lowered their price objective on Newriver Reit from GBX 244 ($3.21) to GBX 232 ($3.05) and set a “buy” rating for the company in a research report on Wednesday, November 27th. Barclays lowered their price objective on Newriver Reit from GBX 215 ($2.83) to GBX 200 ($2.63) and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Peel Hunt reissued a “buy” rating and set a GBX 225 ($2.96) price objective on shares of Newriver Reit in a research report on Wednesday, January 8th. Finally, Liberum Capital lowered their price objective on Newriver Reit from GBX 250 ($3.29) to GBX 240 ($3.16) and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Newriver Reit currently has an average rating of “Buy” and an average target price of GBX 223.67 ($2.94).

Shares of Newriver Reit stock opened at GBX 193.23 ($2.54) on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 78.11. The firm has a market capitalization of $591.44 million and a P/E ratio of -9.66. The business has a fifty day simple moving average of GBX 195.08 and a two-hundred day simple moving average of GBX 188.22. Newriver Reit has a 12 month low of GBX 143.20 ($1.88) and a 12 month high of GBX 246 ($3.24).

In other news, insider Allan Lockhart sold 148,750 shares of Newriver Reit stock in a transaction dated Monday, January 27th. The stock was sold at an average price of GBX 190 ($2.50), for a total value of £282,625 ($371,777.16).

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.

Further Reading: Cash Flow

Analyst Recommendations for Newriver Reit (LON:NRR)

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