Shore Capital Group Reaffirms “House Stock” Rating for NewRiver REIT (LON:NRR)

NewRiver REIT (LON:NRR)‘s stock had its “house stock” rating restated by equities researchers at Shore Capital Group in a report issued on Tuesday,Digital Look reports.

Several other analysts have also recently weighed in on NRR. 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. Berenberg Bank reiterated a “buy” rating and set a GBX 98 price objective on shares of NewRiver REIT in a research report on Tuesday, June 2nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 96 target price on shares of NewRiver REIT in a report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, NewRiver REIT presently has a consensus rating of “Buy” and a consensus target price of GBX 98.

NewRiver REIT Stock Performance

NRR traded up GBX 0.90 on Tuesday, reaching GBX 74.60. The company had a trading volume of 613,148 shares, compared to its average volume of 2,277,958. The stock has a market cap of £321.29 million, a P/E ratio of 10.51, a P/E/G ratio of -3.14 and a beta of 0.63. 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 fifty-two week low of GBX 65.70 and a fifty-two week high of GBX 81.70. The company’s fifty day moving average is GBX 75.86 and its 200 day moving average is GBX 73.58.

NewRiver REIT (LON:NRR) last issued its quarterly earnings data on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 earnings per share (EPS) for the quarter. NewRiver REIT had a net margin of 24.37% and a return on equity of 6.98%. The firm had revenue of £131 million during the quarter. As a group, analysts predict that NewRiver REIT will post 7.4795268 earnings per share for the current fiscal year.

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.