NewRiver REIT (LON:NRR) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

NewRiver REIT plc (LON:NRR)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 74.17 and traded as high as GBX 79.10. NewRiver REIT shares last traded at GBX 78.33, with a volume of 927,787 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on NRR. Berenberg Bank lowered their price target on shares of NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Shore Capital Group reiterated a “house stock” rating on shares of NewRiver REIT in a research report on Friday, May 1st. Panmure Gordon reiterated a “buy” rating and set a GBX 100 price target on shares of NewRiver REIT in a research report on Friday, May 1st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 96 price target on shares of NewRiver REIT in a research report on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 98.

NewRiver REIT Stock Performance

The stock has a market cap of £337.65 million, a price-to-earnings ratio of 11.53, a PEG ratio of -3.14 and a beta of 0.62. The stock’s fifty day moving average is GBX 74.17 and its 200-day moving average is GBX 72.67. The company has a quick ratio of 3.00, a current ratio of 1.94 and a debt-to-equity ratio of 113.22.

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.