NewRiver REIT’s (NRR) “Buy” Rating Reiterated at Jefferies Financial Group

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 87 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price target suggests a potential upside of 9.43% from the stock’s current price.

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of NewRiver REIT in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, NewRiver REIT presently has a consensus rating of “Buy” and an average target price of GBX 95.

NewRiver REIT Price Performance

Shares of LON NRR traded up GBX 0.10 during mid-day trading on Thursday, hitting GBX 79.50. 65,950,672 shares of the stock traded hands, compared to its average volume of 2,153,835. The company has a debt-to-equity ratio of 113.05, a current ratio of 73.44 and a quick ratio of 3.00. NewRiver REIT has a twelve month low of GBX 65.70 and a twelve month high of GBX 85. The company has a market cap of £346.30 million, a PE ratio of 11.20, a price-to-earnings-growth ratio of -3.14 and a beta of 0.66. The firm has a 50 day simple moving average of GBX 78.73 and a two-hundred day simple moving average of GBX 77.51.

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.