Peel Hunt Reaffirms Buy Rating for Newriver Reit (LON:NRR)
Peel Hunt reaffirmed their buy rating on shares of Newriver Reit (LON:NRR) in a report published on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other equities analysts have also weighed in on the stock. Liberum Capital restated a buy rating and set a GBX 270 ($3.53) price target on shares of Newriver Reit in a research report on Tuesday, September 3rd. Berenberg Bank lowered their price target on shares of Newriver Reit from GBX 248 ($3.24) to GBX 220 ($2.87) and set a hold rating on the stock in a research report on Thursday, August 15th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 235 ($3.07).
NRR opened at GBX 189.80 ($2.48) on Tuesday. The firm has a market capitalization of $579.20 million and a PE ratio of -15.69. Newriver Reit has a twelve month low of GBX 143.20 ($1.87) and a twelve month high of GBX 264 ($3.45). The firm’s 50-day moving average price is GBX 164.04 and its 200 day moving average price is GBX 201.52. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 63.22.
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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