NewRiver REIT (LON:NRR) Share Price Crosses Above 50 Day Moving Average – Here’s Why

NewRiver REIT plc (LON:NRRGet Free Report)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 73.20 and traded as high as GBX 75.30. NewRiver REIT shares last traded at GBX 75.10, with a volume of 4,852,647 shares trading hands.

Analyst Ratings Changes

Several research firms recently issued reports on NRR. Panmure Gordon reissued a “buy” rating and issued a GBX 100 price target on shares of NewRiver REIT in a research report on Tuesday, December 2nd. Shore Capital Group reaffirmed a “house stock” rating on shares of NewRiver REIT in a report on Wednesday, January 28th. Finally, Berenberg Bank lowered their price objective on NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, NewRiver REIT presently has an average rating of “Buy” and a consensus price target of GBX 97.67.

Get Our Latest Research Report on NRR

NewRiver REIT Stock Performance

The company has a quick ratio of 3.00, a current ratio of 1.94 and a debt-to-equity ratio of 113.22. The stock has a fifty day simple moving average of GBX 73.20 and a 200-day simple moving average of GBX 71.59. The company has a market capitalization of £331.02 million, a P/E ratio of 11.31, a PEG ratio of -3.14 and a beta of 0.53.

Insider Transactions at NewRiver REIT

In other NewRiver REIT news, insider Allan Lockhart sold 168,890 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of GBX 68, for a total value of £114,845.20. 2.57% of the stock is owned by corporate insiders.

About NewRiver REIT

(Get Free Report)

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.

Further Reading

Receive News & Ratings for NewRiver REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewRiver REIT and related companies with MarketBeat.com's FREE daily email newsletter.