NewRiver REIT (LON:NRR) Earns “Buy” Rating from Jefferies Financial Group

NewRiver REIT (LON:NRR – Get Free Report)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 92 target price on the real estate investment trust’s stock. Jefferies Financial Group’s price target suggests a potential upside of 17.84% from the company’s current price.

Other research analysts have also issued reports about the stock. Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a research note on Tuesday, July 28th. Berenberg Bank reiterated a “buy” rating and set a GBX 98 price target on shares of NewRiver REIT in a report on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 96.67.

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NewRiver REIT Price Performance

Shares of NRR opened at GBX 78.07 on Wednesday. The company has a current ratio of 73.44, a quick ratio of 3.00 and a debt-to-equity ratio of 113.05. The company’s fifty day simple moving average is GBX 80.79 and its 200 day simple moving average is GBX 77.30. NewRiver REIT has a 1-year low of GBX 65.70 and a 1-year high of GBX 85. The company has a market cap of £339.31 million, a price-to-earnings ratio of 11.00, a PEG ratio of -3.14 and a beta of 0.62.

About NewRiver REIT

(Get Free Report)

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.

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