NewRiver REIT’s (NRR) Buy Rating Reiterated at Jefferies Financial Group

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating reiterated by equities researchers 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 price target suggests a potential upside of 11.83% from the company’s current price.

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

NewRiver REIT Stock Performance

Shares of NewRiver REIT stock opened at GBX 77.80 on Thursday. The business has a 50-day moving average of GBX 78.60 and a 200 day moving average of GBX 77.71. NewRiver REIT has a 12 month low of GBX 65.70 and a 12 month high of GBX 85. The stock has a market capitalization of £338.89 million, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of -3.14 and a beta of 0.66. The company has a debt-to-equity ratio of 113.05, a current ratio of 73.44 and a quick ratio of 3.00.

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.