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

NewRiver REIT (LON:NRR)‘s stock had its “house stock” rating reiterated by investment analysts at Shore Capital Group in a research report issued to clients and investors on Friday,Digital Look reports.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 96 price objective on shares of NewRiver REIT in a report on Friday. Berenberg Bank cut their price target on shares of NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 98.

NewRiver REIT Stock Up 2.0%

Shares of LON NRR opened at GBX 76.39 on Friday. The stock has a market cap of £329.01 million, a P/E ratio of 11.23, a P/E/G ratio of -3.14 and a beta of 0.61. The firm has a 50 day moving average price of GBX 74.48 and a 200 day moving average price of GBX 71.89. 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 52-week low of GBX 65.70 and a 52-week high of GBX 81.70.

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.