NewRiver REIT (LON:NRR) Price Target Cut to GBX 98 by Analysts at Berenberg Bank

NewRiver REIT (LON:NRR) had its price target lowered by Berenberg Bank from GBX 128 to GBX 98 in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on NRR. Panmure Gordon restated a “buy” rating and set a GBX 100 target price on shares of NewRiver REIT in a research note on Tuesday, December 2nd. Jefferies Financial Group increased their price target on shares of NewRiver REIT from GBX 90 to GBX 95 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, Shore Capital restated a “house stock” rating on shares of NewRiver REIT in a research report on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, NewRiver REIT has an average rating of “Buy” and a consensus price target of GBX 97.67.

NewRiver REIT Price Performance

NewRiver REIT stock opened at GBX 71.60 on Tuesday. NewRiver REIT has a 12-month low of GBX 62.90 and a 12-month high of GBX 81.50. 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 stock has a market cap of £305.97 million, a P/E ratio of 10.53, a PEG ratio of -3.14 and a beta of 1.10. The company has a 50-day moving average price of GBX 69.92 and a 200 day moving average price of GBX 70.92.

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

Insider Buying and Selling at NewRiver REIT

In related news, insider Allan Lockhart sold 168,890 shares of NewRiver REIT stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of GBX 68, for a total transaction of £114,845.20. 2.53% of the stock is currently owned by company 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.