NewRiver REIT’s (NRR) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of NewRiver REIT (LON:NRR) in a report published on Thursday morning, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 90 price objective on the real estate investment trust’s stock.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a research note on Thursday, July 31st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, NewRiver REIT currently has an average rating of “Buy” and a consensus price target of GBX 90.

NewRiver REIT Stock Down 0.6%

NewRiver REIT stock opened at GBX 71.30 on Thursday. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48. The company has a market capitalization of £303.73 million, a PE ratio of 1,131.75, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. The firm has a 50 day moving average price of GBX 71.94 and a 200 day moving average price of GBX 72.94. NewRiver REIT has a fifty-two week low of GBX 62.90 and a fifty-two week high of GBX 85.

Insider Transactions at NewRiver REIT

In other NewRiver REIT news, insider Will Hobman sold 66,339 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of GBX 70, for a total value of £46,437.30. 2.51% of the stock is currently owned by 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.