NewRiver REIT (LON:NRR) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of NewRiver REIT plc (LON:NRR) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 74.17 and traded as high as GBX 79.10. NewRiver REIT shares last traded at GBX 78.33, with a volume of 927,787 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on NRR shares. Panmure Gordon reissued a “buy” rating and set a GBX 100 price target on shares of NewRiver REIT in a report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and issued a GBX 96 price objective on shares of NewRiver REIT in a research report on Friday, April 17th. Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a research report on Friday, May 1st. Finally, Berenberg Bank lowered their price objective on shares of NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Three 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 98.

NewRiver REIT Stock Up 1.3%

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 stock has a market cap of £337.65 million, a price-to-earnings ratio of 11.53, a PEG ratio of -3.14 and a beta of 0.62. The firm’s 50-day simple moving average is GBX 74.17 and its two-hundred day simple moving average is GBX 72.67.

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.