NewRiver REIT (LON:NRR) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Shares of NewRiver REIT plc (LON:NRR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 73.53 and traded as low as GBX 70.40. NewRiver REIT shares last traded at GBX 70.88, with a volume of 690,848 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Shore Capital reiterated a “house stock” rating on shares of NewRiver REIT in a research report on Thursday, July 31st. Jefferies Financial Group increased their price objective on shares of NewRiver REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 95.

NewRiver REIT Stock Up 0.2%

The company has a 50 day simple moving average of GBX 71.53 and a two-hundred day simple moving average of GBX 73.53. The company has a quick ratio of 3.00, a current ratio of 5.48 and a debt-to-equity ratio of 90.77. The company has a market capitalization of £300.53 million, a P/E ratio of 11.18, a PEG ratio of -3.14 and a beta of 1.10.

Insiders Place Their Bets

In other NewRiver REIT news, insider Will Hobman sold 66,339 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of GBX 70, for a total transaction of £46,437.30. 2.53% of the stock is owned by insiders.

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.