Jefferies Financial Group Reiterates Buy Rating for NewRiver REIT (LON:NRR)

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Financial Group in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 92 price objective on the real estate investment trust’s stock. Jefferies Financial Group’s price objective points to a potential upside of 17.84% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Berenberg Bank restated a “buy” rating and issued a GBX 98 price objective on shares of NewRiver REIT in a research report on Tuesday, June 2nd. Shore Capital Group reiterated a “house stock” rating on shares of NewRiver REIT in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 96.67.

NewRiver REIT Trading Down 0.9%

NRR opened at GBX 78.07 on Wednesday. The firm’s fifty day moving average is GBX 80.79 and its two-hundred day moving average is GBX 77.30. The company has a debt-to-equity ratio of 113.05, a quick ratio of 3.00 and a current ratio of 73.44. The firm has a market cap of £339.31 million, a PE ratio of 11.00, a price-to-earnings-growth ratio of -3.14 and a beta of 0.62. NewRiver REIT has a twelve month low of GBX 65.70 and a twelve month high of GBX 85.

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.