NewRiver REIT (LON:NRR) Receives “Buy” Rating from Berenberg Bank

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a report issued on Tuesday,London Stock Exchange reports. They presently have a GBX 98 price target on the real estate investment trust’s stock. Berenberg Bank’s price objective indicates a potential upside of 27.77% from the stock’s previous close.

A number of other brokerages also recently issued reports on NRR. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 96 price target on shares of NewRiver REIT in a report on Friday, April 17th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 100 price target on shares of NewRiver REIT in a report on Friday, May 1st. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of NewRiver REIT in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 98.

NewRiver REIT Stock Down 1.8%

Shares of LON NRR opened at GBX 76.70 on Tuesday. The company has a market capitalization of £330.33 million, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of -3.14 and a beta of 0.62. The company has a debt-to-equity ratio of 113.22, a current ratio of 1.94 and a quick ratio of 3.00. The business has a 50-day moving average of GBX 74.37 and a two-hundred day moving average of GBX 72.87. NewRiver REIT has a 1 year low of GBX 65.70 and a 1 year high of GBX 81.70.

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.