NewRiver REIT’s (NRR) “House Stock” Rating Reaffirmed at Shore Capital Group

Shore Capital Group reaffirmed their house stock rating on shares of NewRiver REIT (LON:NRR) in a research note issued to investors on Friday,Digital Look reports.

NRR has been the subject of a number of other research reports. Berenberg Bank decreased their target price on NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 96 target price on shares of NewRiver REIT in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, NewRiver REIT presently has a consensus rating of “Buy” and a consensus target price of GBX 98.

NewRiver REIT Price Performance

Shares of LON:NRR opened at GBX 76.39 on Friday. NewRiver REIT has a fifty-two week low of GBX 65.70 and a fifty-two week high of GBX 81.70. The business has a 50-day simple moving average of GBX 74.48 and a two-hundred day simple moving average of GBX 71.89. The company has a debt-to-equity ratio of 113.22, a quick ratio of 3.00 and a current ratio of 1.94. The firm has a market cap of £329.01 million, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of -3.14 and a beta of 0.61.

NewRiver REIT Company Profile

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.