Newriver Reit (NRR) Raised to Buy at HSBC
Newriver Reit (LON:NRR) was upgraded by equities researchers at HSBC to a “buy” rating in a research note issued to investors on Wednesday, January 2nd.
Several other equities research analysts have also issued reports on the stock. Liberum Capital restated a “buy” rating on shares of Newriver Reit in a report on Wednesday, September 19th. Peel Hunt reiterated an “add” rating on shares of Newriver Reit in a report on Wednesday, November 21st. Finally, Barclays lowered shares of Newriver Reit to an “equal weight” rating in a report on Wednesday, November 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 335 ($4.38).
Shares of Newriver Reit stock traded up GBX 0.50 ($0.01) during trading on Wednesday, hitting GBX 212 ($2.77). The stock had a trading volume of 447,134 shares, compared to its average volume of 945,922. Newriver Reit has a 12 month low of GBX 275.50 ($3.60) and a 12 month high of GBX 374.50 ($4.89).
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 £1.4 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 21 conveniently located retail parks and over 600 community pubs.
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