Jefferies Financial Group Issues Positive Forecast for NewRiver REIT (LON:NRR) Stock Price

NewRiver REIT (LON:NRR) had its price objective lifted by Jefferies Financial Group from GBX 90 to GBX 95 in a report published on Tuesday morning, Marketbeat.com reports. Jefferies Financial Group currently has a buy rating on the real estate investment trust’s stock.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 95.

NewRiver REIT Price Performance

NewRiver REIT stock opened at GBX 71.70 on Tuesday. The firm has a market capitalization of £305.92 million, a PE ratio of 11.38, a P/E/G ratio of -3.14 and a beta of 1.10. NewRiver REIT has a 52 week low of GBX 62.90 and a 52 week high of GBX 81.50. The firm’s 50-day simple moving average is GBX 71.63 and its 200 day simple moving average is GBX 73.51. The company has a quick ratio of 3.00, a current ratio of 5.48 and a debt-to-equity ratio of 90.77.

Insiders Place Their Bets

In other NewRiver REIT news, insider Will Hobman sold 66,339 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of GBX 70, for a total value of £46,437.30. Insiders own 2.53% of the company’s stock.

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.