NewRiver REIT (LON:NRR) Shares Cross Below 200-Day Moving Average – Time to Sell?

NewRiver REIT plc (LON:NRR) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 71.10 and traded as low as GBX 70.60. NewRiver REIT shares last traded at GBX 71.70, with a volume of 1,136,814 shares.

Analyst Upgrades and Downgrades

NRR has been the topic of several analyst reports. Shore Capital reiterated a “house stock” rating on shares of NewRiver REIT in a research note on Thursday, December 4th. Panmure Gordon reissued a “buy” rating and set a GBX 100 price objective on shares of NewRiver REIT in a report on Tuesday, December 2nd. Berenberg Bank restated a “buy” rating and issued a GBX 128 target price on shares of NewRiver REIT in a research note on Tuesday, December 2nd. Finally, Jefferies Financial Group boosted their price target on shares of NewRiver REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, NewRiver REIT presently has an average rating of “Buy” and a consensus target price of GBX 107.67.

NewRiver REIT Trading Up 0.3%

The company has a quick ratio of 3.00, a current ratio of 5.48 and a debt-to-equity ratio of 90.77. The company has a market cap of £307.26 million, a P/E ratio of 10.57, a P/E/G ratio of -3.14 and a beta of 1.10. The business has a 50-day moving average price of GBX 69.89 and a two-hundred day moving average price of GBX 71.06.

NewRiver REIT (LON:NRR) last announced its quarterly earnings data on Tuesday, December 2nd. The real estate investment trust reported GBX 3.10 EPS for the quarter. NewRiver REIT had a return on equity of 0.78% and a net margin of 4.16%. On average, analysts predict that NewRiver REIT plc will post 7.4795268 EPS for the current year.

Insider Buying and Selling at NewRiver REIT

In related news, insider Allan Lockhart sold 168,890 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of GBX 68, for a total value of £114,845.20. 2.53% of the stock is currently owned by company insiders.

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.