NewRiver REIT (LON:NRR) Stock Price Breaks Below 200-Day Moving Average – Time to Sell?

Shares of NewRiver REIT plc (LON:NRR) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 77.26 and traded as low as GBX 76.60. NewRiver REIT shares last traded at GBX 76.70, with a volume of 341,457 shares.

Analyst Ratings Changes

Several brokerages have commented on NRR. Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a report on Tuesday, July 28th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 92 target price on shares of NewRiver REIT in a report on Wednesday, September 9th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 98 target price on shares of NewRiver REIT in a research report on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 96.67.

NewRiver REIT Stock Down 0.4%

The company has a debt-to-equity ratio of 113.05, a quick ratio of 3.00 and a current ratio of 73.44. The stock’s 50-day moving average price is GBX 80.14 and its two-hundred day moving average price is GBX 77.26. The stock has a market capitalization of £333.36 million, a PE ratio of 10.80, a P/E/G ratio of -3.14 and a beta of 0.62.

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.