Barclays Cuts NewRiver REIT plc (NRR.L) (LON:NRR) Price Target to GBX 72

NewRiver REIT plc (NRR.L) (LON:NRR) had its target price decreased by research analysts at Barclays from GBX 76 ($0.99) to GBX 72 ($0.94) in a report issued on Monday, LSE.Co.UK reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target suggests a potential upside of 0.52% from the stock’s current price.

LON:NRR traded down GBX 3.77 ($0.05) on Monday, hitting GBX 71.63 ($0.94). The company’s stock had a trading volume of 552,206 shares, compared to its average volume of 1,533,100. The firm has a market capitalization of $157.24 million and a P/E ratio of -1.14. The company has a current ratio of 2.27, a quick ratio of 2.07 and a debt-to-equity ratio of 117.52. NewRiver REIT plc has a one year low of GBX 42.70 ($0.56) and a one year high of GBX 214.50 ($2.80). The stock has a fifty day moving average of GBX 63.75 and a two-hundred day moving average of GBX 60.41.

About NewRiver REIT plc (NRR.L)

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing essential retail and leisure assets throughout the UK. Our £1.2 billion portfolio covers 9 million sq ft and comprises 33 community shopping centres, 25 conveniently located retail parks and over 700 community pubs.

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Analyst Recommendations for NewRiver REIT plc (NRR.L) (LON:NRR)

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