NewRiver REIT (LON:NRR) Earns Buy Rating from Jefferies Financial Group

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a research report issued on Friday, MarketBeat.com reports. They currently have a GBX 96 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price target points to a potential upside of 25.66% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Shore Capital Group reissued a “house stock” rating on shares of NewRiver REIT in a report on Wednesday, January 28th. Berenberg Bank reduced their price target on shares of NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating for the company in a report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 98.

NewRiver REIT Trading Up 2.0%

Shares of LON:NRR opened at GBX 76.39 on Friday. 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 has a 1-year low of GBX 65.70 and a 1-year high of GBX 81.70. The company has a 50 day moving average price of GBX 74.48 and a 200 day moving average price of GBX 71.89. The stock has a market capitalization of £329.01 million, a price-to-earnings ratio of 11.23, a PEG ratio of -3.14 and a beta of 0.61.

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.