NewRiver REIT (LON:NRR) Share Price Passes Below 200-Day Moving Average of $87.78

NewRiver REIT plc (LON:NRRGet Rating) passed 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 trading hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of NewRiver REIT from GBX 80 ($0.97) to GBX 85 ($1.03) and gave the company an “equal weight” rating in a report on Thursday, June 23rd. Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a report on Wednesday, September 7th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 115 ($1.39) price target on shares of NewRiver REIT in a report on Wednesday, August 31st.

NewRiver REIT Stock Performance

The company has a quick ratio of 2.79, a current ratio of 2.97 and a debt-to-equity ratio of 89.71. The company has a market cap of ¬£227.03 million and a PE ratio of 3,665.00. The business’s fifty day moving average is GBX 85.26 and its 200-day moving average is GBX 87.78.

About NewRiver REIT

(Get Rating)

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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