Newriver Reit (LON:NRR) Given “Buy” Rating at Peel Hunt
Peel Hunt reaffirmed their buy rating on shares of Newriver Reit (LON:NRR) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued research reports about the stock. Peel Hunt reissued a buy rating and set a GBX 225 ($2.96) price target on shares of Newriver Reit in a research report on Wednesday, January 8th. Barclays decreased their price target on shares of Newriver Reit from GBX 215 ($2.83) to GBX 200 ($2.63) and set an equal weight rating for the company in a research report on Tuesday, December 10th. HSBC decreased their price target on shares of Newriver Reit from GBX 244 ($3.21) to GBX 232 ($3.05) and set a buy rating for the company in a research report on Wednesday, November 27th. Finally, Liberum Capital decreased their price target on shares of Newriver Reit from GBX 250 ($3.29) to GBX 240 ($3.16) and set a buy rating for the company in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Newriver Reit presently has an average rating of Buy and an average target price of GBX 223.67 ($2.94).
NRR stock opened at GBX 190.40 ($2.50) on Tuesday. Newriver Reit has a twelve month low of GBX 143.20 ($1.88) and a twelve month high of GBX 246 ($3.24). The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 78.11. The company has a market capitalization of $582.87 million and a P/E ratio of -9.52. The firm has a 50 day simple moving average of GBX 194.49 and a 200-day simple moving average of GBX 188.39.
In related news, insider Allan Lockhart sold 148,750 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of GBX 190 ($2.50), for a total transaction of £282,625 ($371,777.16).
About Newriver Reit
NewRiver REIT plc (‘NewRiver') is a leading Real Estate Investment Trust specializing in buying, managing, developing and recycling convenience-led, community-focused retail and leisure assets throughout the UK. Our £1.3 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 19 conveniently located retail parks and over 650 community pubs.
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