NewRiver REIT (LON:NRR) Stock Crosses Below 200-Day Moving Average – Should You Sell?

NewRiver REIT plc (LON:NRR) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 73.53 and traded as low as GBX 70.40. NewRiver REIT shares last traded at GBX 70.88, with a volume of 690,848 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NRR shares. Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a research note on Thursday, July 31st. Jefferies Financial Group lifted their price objective on shares of NewRiver REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, NewRiver REIT has a consensus rating of “Buy” and an average target price of GBX 95.

NewRiver REIT Stock Performance

The company has a market cap of £300.53 million, a P/E ratio of 11.18, a PEG ratio of -3.14 and a beta of 1.10. The firm has a 50 day moving average of GBX 71.53 and a 200-day moving average of GBX 73.53. The company has a quick ratio of 3.00, a current ratio of 5.48 and a debt-to-equity ratio of 90.77.

Insider Transactions at NewRiver REIT

In related news, insider Will Hobman sold 66,339 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of GBX 70, for a total value of £46,437.30. 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.