NewRiver REIT (LON:NRR) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

NewRiver REIT plc (LON:NRR) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 73.20 and traded as high as GBX 75.30. NewRiver REIT shares last traded at GBX 75.10, with a volume of 4,852,647 shares traded.

Analysts Set New Price Targets

A number of research firms recently commented on NRR. Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a research report on Wednesday, January 28th. Panmure Gordon reiterated a “buy” rating and issued a GBX 100 price objective on shares of NewRiver REIT in a research report on Tuesday, December 2nd. Finally, Berenberg Bank decreased their target price on NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 97.67.

NewRiver REIT Stock Up 2.4%

The stock has a market cap of £331.02 million, a price-to-earnings ratio of 11.31, a PEG ratio of -3.14 and a beta of 0.53. The company has a debt-to-equity ratio of 113.22, a quick ratio of 3.00 and a current ratio of 1.94. The firm’s 50-day simple moving average is GBX 73.20 and its two-hundred day simple moving average is GBX 71.59.

Insider Activity at NewRiver REIT

In related news, insider Allan Lockhart sold 168,890 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of GBX 68, for a total value of £114,845.20. 2.57% of the stock is owned by company insiders.

About NewRiver REIT

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.