NewRiver REIT plc (LON:NRR – Get Rating) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 87.78 ($1.06) and traded as low as GBX 73.20 ($0.88). NewRiver REIT shares last traded at GBX 73.30 ($0.89), with a volume of 383,272 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on NRR shares. Shore Capital reissued a “house stock” rating on shares of NewRiver REIT in a research report on Wednesday, September 7th. Barclays upped their price objective on shares of NewRiver REIT from GBX 80 ($0.97) to GBX 85 ($1.03) and gave the stock an “equal weight” rating in a report on Thursday, June 23rd. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 115 ($1.39) price objective on shares of NewRiver REIT in a report on Wednesday, August 31st.
NewRiver REIT Stock Down 3.2 %
The company has a current ratio of 2.97, a quick ratio of 2.79 and a debt-to-equity ratio of 89.71. The firm has a market capitalization of £227.03 million and a P/E ratio of 3,665.00. The company’s fifty day simple moving average is GBX 85.26 and its 200 day simple moving average is GBX 87.78.
NewRiver REIT Company Profile
NewRiver REIT plc (‘NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing essential retail and leisure assets throughout the UK. Our £1.1 billion portfolio covers 9 million sq ft and comprises 33 community shopping centres, 24 conveniently located retail parks and 700 community pubs.
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