NewRiver REIT (LON:NRR) Earns Buy Rating from Jefferies Financial Group

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a research report issued on Thursday, October 15th, Digital Look reports. They presently have a GBX 87 price objective on the real estate investment trust’s stock. Jefferies Financial Group‘s price target indicates a potential upside of 9.05% from the company’s current price.

Separately, Shore Capital Group reiterated a “house stock” rating on shares of NewRiver REIT in a research note on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 95.

NewRiver REIT Stock Up 0.4%

Shares of LON NRR traded up GBX 0.28 during midday trading on Thursday, hitting GBX 79.78. 509,582 shares of the company’s stock were exchanged, compared to its average volume of 1,805,323. The company has a debt-to-equity ratio of 113.05, a current ratio of 73.44 and a quick ratio of 3.00. NewRiver REIT has a twelve month low of GBX 65.70 and a twelve month high of GBX 85. The company has a market cap of £347.53 million, a PE ratio of 11.24, a P/E/G ratio of -3.14 and a beta of 0.66. The firm’s fifty day simple moving average is GBX 78.51 and its 200-day simple moving average is GBX 77.83.

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.