NewRiver REIT (LON:NRR) Receives House Stock Rating from Shore Capital

Shore Capital reissued their house stock rating on shares of NewRiver REIT (LON:NRR) in a research report released on Thursday, Marketbeat reports.

Several other research analysts have also issued reports on the stock. Jefferies Financial Group upped their target price on shares of NewRiver REIT from GBX 90 to GBX 95 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Panmure Gordon reiterated a “buy” rating and issued a GBX 100 price objective on shares of NewRiver REIT in a report on Tuesday. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 128 price objective on shares of NewRiver REIT in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 107.67.

NewRiver REIT Stock Performance

Shares of NRR stock opened at GBX 73.40 on Thursday. The stock has a market capitalization of £313.18 million, a P/E ratio of 11.65, a PEG ratio of -3.14 and a beta of 1.10. The company has a current ratio of 5.48, a quick ratio of 3.00 and a debt-to-equity ratio of 90.77. The firm’s 50 day moving average is GBX 70.79 and its 200 day moving average is GBX 72.71. NewRiver REIT has a 12 month low of GBX 62.90 and a 12 month high of GBX 81.50.

NewRiver REIT (LON:NRR) last announced its quarterly earnings results on Tuesday, December 2nd. The real estate investment trust reported GBX 3.10 earnings per share (EPS) for the quarter. NewRiver REIT had a net margin of 4.16% and a return on equity of 0.78%. On average, sell-side analysts anticipate that NewRiver REIT will post 7.4795268 earnings per share for the current year.

Insider Transactions at NewRiver REIT

In other news, insider Will Hobman sold 66,339 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of GBX 70, for a total value of £46,437.30. 2.53% of the stock is currently owned by insiders.

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.