NewRiver REIT plc (LON:NRR – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 84.69 ($1.07) and traded as low as GBX 78.90 ($1.00). NewRiver REIT shares last traded at GBX 81.30 ($1.03), with a volume of 68,291 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on NRR shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 120 ($1.52) price target on shares of NewRiver REIT in a report on Tuesday, June 6th. Shore Capital reiterated a “house stock” rating on shares of NewRiver REIT in a research note on Friday, August 25th. Finally, Peel Hunt reissued an “add” rating and set a GBX 90 ($1.14) target price on shares of NewRiver REIT in a research report on Tuesday, June 6th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, NewRiver REIT has a consensus rating of “Buy” and an average price target of GBX 103.75 ($1.31).
NewRiver REIT Trading Down 0.1 %
In other news, insider Will Hobman bought 22,748 shares of NewRiver REIT stock in a transaction that occurred on Wednesday, June 28th. The shares were purchased at an average price of GBX 8,742 ($110.41) per share, with a total value of £1,988,630.16 ($2,511,530.89). Insiders own 10.34% of the company’s stock.
About NewRiver REIT
NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 7 million sq ft and comprises 26 community shopping centres and 14 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.
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