NewRiver REIT (LON:NRR) Given Buy Rating at Liberum Capital

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating restated by Liberum Capital in a report issued on Thursday, Digital Look reports. They presently have a GBX 130 ($1.70) price objective on the real estate investment trust’s stock. Liberum Capital’s price objective suggests a potential upside of 64.35% from the company’s previous close.

NRR has been the subject of a number of other reports. Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a research report on Monday. Barclays cut their price target on NewRiver REIT from GBX 72 ($0.94) to GBX 70 ($0.91) and set an “equal weight” rating on the stock in a report on Monday, July 5th. Finally, Berenberg Bank upgraded NewRiver REIT to a “buy” rating and lifted their price target for the company from GBX 90 ($1.18) to GBX 115 ($1.50) in a report on Friday, July 16th.

Shares of LON NRR opened at GBX 79.10 ($1.03) on Thursday. The company has a quick ratio of 3.55, a current ratio of 4.24 and a debt-to-equity ratio of 155.93. The business has a fifty day simple moving average of GBX 79.34 and a two-hundred day simple moving average of GBX 88.49. The firm has a market cap of £244.78 million and a PE ratio of -1.61. NewRiver REIT has a twelve month low of GBX 52 ($0.68) and a twelve month high of GBX 109.20 ($1.43).

In other NewRiver REIT news, insider Will Hobman bought 35,995 shares of the company’s stock in a transaction that occurred on Monday, August 23rd. The shares were purchased at an average cost of GBX 83 ($1.08) per share, for a total transaction of £29,875.85 ($39,032.99).

About NewRiver REIT

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 £1.1 billion portfolio covers 9 million sq ft and comprises 33 community shopping centres, 24 conveniently located retail parks and 700 community pubs.

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