NewRiver REIT (LON:NRR) Earns Buy Rating from Jefferies Financial Group

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They presently have a GBX 87 target price on the real estate investment trust’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 9.99% from the stock’s current price.

Separately, Shore Capital Group reiterated a “house stock” rating on shares of NewRiver REIT in a research report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 95.

NewRiver REIT Stock Performance

LON:NRR opened at GBX 79.10 on Thursday. The stock’s 50-day moving average is GBX 78.65 and its 200-day moving average is GBX 77.65. NewRiver REIT has a 1-year low of GBX 65.70 and a 1-year high of GBX 85. The company has a current ratio of 73.44, a quick ratio of 3.00 and a debt-to-equity ratio of 113.05. The stock has a market cap of £344.56 million, a P/E ratio of 11.14, a price-to-earnings-growth ratio of -3.14 and a beta of 0.66.

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.