NewRiver REIT’s (NRR) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of NewRiver REIT (LON:NRR) in a research note published on Wednesday,Digital Look reports. Jefferies Financial Group currently has a GBX 92 price objective on the real estate investment trust’s stock.

A number of other brokerages have also commented on NRR. Shore Capital Group reaffirmed a “house stock” rating on shares of NewRiver REIT in a research report on Tuesday. Berenberg Bank reissued a “buy” rating and set a GBX 98 target price on shares of NewRiver REIT in a research report on Tuesday, June 2nd. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 100 target price on shares of NewRiver REIT in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 96.67.

NewRiver REIT Trading Down 1.6%

Shares of NRR stock opened at GBX 81.60 on Wednesday. The firm has a market capitalization of £351.43 million, a P/E ratio of 11.49, a price-to-earnings-growth ratio of -3.14 and a beta of 0.62. NewRiver REIT has a 1 year low of GBX 65.70 and a 1 year high of GBX 84. The firm’s fifty day simple moving average is GBX 78.60 and its 200 day simple moving average is GBX 75.61. The company has a current ratio of 73.44, a quick ratio of 3.00 and a debt-to-equity ratio of 113.05.

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