NewRiver REIT (LON:NRR) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 87 target price on the real estate investment trust’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 9.43% from the company’s previous close.

Separately, Shore Capital Group reissued a “house stock” rating on shares of NewRiver REIT in a research report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 95.

NewRiver REIT Price Performance

NRR opened at GBX 79.50 on Thursday. The business’s 50-day simple moving average is GBX 78.65 and its 200-day simple moving average is GBX 77.65. The company has a debt-to-equity ratio of 113.05, a quick ratio of 3.00 and a current ratio of 73.44. NewRiver REIT has a one year low of GBX 65.70 and a one year high of GBX 85. The stock has a market capitalization of £346.30 million, a P/E ratio of 11.20, a price-to-earnings-growth ratio of -3.14 and a beta of 0.66.

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.