Newriver Reit’s (NRR) “Buy” Rating Reiterated at Peel Hunt
Newriver Reit (LON:NRR)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also weighed in on NRR. Berenberg Bank decreased their target price on shares of Newriver Reit from GBX 248 ($3.24) to GBX 220 ($2.87) and set a “hold” rating for the company in a research note on Thursday, August 15th. Liberum Capital reiterated a “buy” rating on shares of Newriver Reit in a research note on Thursday, October 17th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 200 ($2.61) target price on shares of Newriver Reit in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 228 ($2.98).
Shares of NRR opened at GBX 217.50 ($2.84) on Tuesday. The firm has a market cap of $665.71 million and a PE ratio of -17.98. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 63.22. The firm has a fifty day simple moving average of GBX 190.20 and a two-hundred day simple moving average of GBX 196.64. Newriver Reit has a 1-year low of GBX 143.20 ($1.87) and a 1-year high of GBX 264 ($3.45).
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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