NewRiver REIT (LON:NRR) Given House Stock Rating at Shore Capital Group

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

NRR has been the topic of a number of other reports. Panmure Gordon reiterated a “buy” rating and set a GBX 100 price target on shares of NewRiver REIT in a research note on Friday, May 1st. Berenberg Bank reissued a “buy” rating and set a GBX 98 price objective on shares of NewRiver REIT in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 96 price target on shares of NewRiver REIT in a research report on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 98.

NewRiver REIT Stock Up 1.9%

Shares of LON NRR opened at GBX 83.70 on Tuesday. The stock has a market cap of £360.48 million, a PE ratio of 11.79, a price-to-earnings-growth ratio of -3.14 and a beta of 0.62. NewRiver REIT has a 52-week low of GBX 65.70 and a 52-week high of GBX 84. The business has a 50-day moving average price of GBX 78.13 and a 200 day moving average price of GBX 75.34. The company has a quick ratio of 3.00, a current ratio of 73.44 and a debt-to-equity ratio of 113.05.

NewRiver REIT (LON:NRR) last posted its quarterly earnings data on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 EPS for the quarter. The company had revenue of £131 million for the quarter. NewRiver REIT had a net margin of 24.37% and a return on equity of 6.98%. Equities research analysts forecast that NewRiver REIT will post 7.4795268 earnings per share for the current year.

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.