NewRiver REIT’s (NRR) House Stock Rating Reaffirmed at Shore Capital Group

NewRiver REIT (LON:NRR)‘s stock had its “house stock” rating reissued by Shore Capital Group in a report released on Tuesday,London Stock Exchange reports.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 96 price objective on shares of NewRiver REIT in a research note on Friday, April 17th. Panmure Gordon restated a “buy” rating and set a GBX 100 price target on shares of NewRiver REIT in a report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, NewRiver REIT currently has an average rating of “Buy” and a consensus price target of GBX 98.

NewRiver REIT Trading Down 1.8%

Shares of LON:NRR opened at GBX 76.70 on Tuesday. The company has a 50 day moving average price of GBX 74.37 and a 200 day moving average price of GBX 72.87. NewRiver REIT has a 1-year low of GBX 65.70 and a 1-year high of GBX 81.70. The company has a debt-to-equity ratio of 113.22, a quick ratio of 3.00 and a current ratio of 1.94. The stock has a market capitalization of £330.33 million, a price-to-earnings ratio of 11.28, a PEG ratio of -3.14 and a beta of 0.62.

About NewRiver REIT

NewRiver is a leading Real Estate Investment Trust specialising in buying, managing and developing retail and leisure assets across the UK. Every day, our shopping centres, retail parks and pubs provide essential goods and services to their local communities.