NewRiver REIT (LON:NRR) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

NewRiver REIT plc (LON:NRR)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 71.75 and traded as low as GBX 69.40. NewRiver REIT shares last traded at GBX 71.34, with a volume of 6,336,095 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Berenberg Bank decreased their price objective on NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating for the company in a report on Tuesday, January 27th. Shore Capital Group reiterated a “house stock” rating on shares of NewRiver REIT in a report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 97.67.

NewRiver REIT Stock Down 0.8%

The firm has a market cap of £307.08 million, a P/E ratio of 10.49, a P/E/G ratio of -3.14 and a beta of 0.53. The firm’s fifty day moving average is GBX 74.15 and its 200 day moving average is GBX 71.75. The company has a debt-to-equity ratio of 113.22, a quick ratio of 3.00 and a current ratio of 1.94.

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.