NewRiver REIT (LON:NRR) Given “Buy” Rating at Jefferies Financial Group

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating reaffirmed by 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 price objective indicates a potential upside of 9.43% from the company’s current price.

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

NewRiver REIT Price Performance

Shares of NRR stock remained flat at GBX 79.50 during trading hours on Thursday. The stock had a trading volume of 380,099 shares, compared to its average volume of 1,831,851. The company has a quick ratio of 3.00, a current ratio of 73.44 and a debt-to-equity ratio of 113.05. The stock has a market capitalization of £346.30 million, a PE ratio of 11.20, a price-to-earnings-growth ratio of -3.14 and a beta of 0.66. NewRiver REIT has a 1 year low of GBX 65.70 and a 1 year high of GBX 85. The business has a 50 day simple moving average of GBX 78.65 and a 200-day simple moving average of GBX 77.65.

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.