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).

In related news, insider Mark Davies sold 46,680 shares of Newriver Reit stock in a transaction dated Friday, December 7th. The shares were sold at an average price of GBX 220 ($2.87), for a total transaction of £102,696 ($134,190.51).

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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Analyst Recommendations for Newriver Reit (LON:NRR)

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