Liberum Capital reiterated their buy rating on shares of Newriver Reit (LON:NRR) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently commented on NRR. Barclays dropped their price target on Newriver Reit from GBX 90 ($1.11) to GBX 76 ($0.94) and set an equal weight rating on the stock in a research report on Thursday, June 25th. Berenberg Bank reiterated a hold rating on shares of Newriver Reit in a research note on Wednesday, May 6th. Jefferies Financial Group boosted their price objective on Newriver Reit from GBX 80 ($0.98) to GBX 88 ($1.08) and gave the company a buy rating in a research note on Thursday, June 18th. Shore Capital reiterated a not rated rating on shares of Newriver Reit in a research note on Thursday, June 18th. Finally, Peel Hunt reiterated a hold rating on shares of Newriver Reit in a research note on Thursday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Newriver Reit presently has a consensus rating of Buy and an average target price of GBX 113.14 ($1.39).
Shares of LON NRR opened at GBX 60 ($0.74) on Thursday. Newriver Reit has a one year low of GBX 47.55 ($0.59) and a one year high of GBX 218.50 ($2.69). The company has a debt-to-equity ratio of 117.52, a current ratio of 2.27 and a quick ratio of 2.07. The business’s fifty day moving average price is GBX 63.71 and its 200-day moving average price is GBX 117.36. The stock has a market capitalization of $183.72 million and a PE ratio of -1.52.
Newriver Reit Company Profile
NewRiver REIT plc (‘NewRiver') is a leading Real Estate Investment Trust specializing in buying, managing, developing and recycling convenience-led, community-focused retail and leisure assets throughout the UK. Our £1.3 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 19 conveniently located retail parks and over 650 community pubs.
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