NewRiver REIT (LON:NRR) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating restated by Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 87 price objective on the real estate investment trust’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 9.43% from the company’s current price.

Separately, Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 95.

NewRiver REIT Stock Performance

Shares of NRR traded up GBX 0.10 during midday trading on Thursday, reaching GBX 79.50. 65,950,672 shares of the stock were exchanged, compared to its average volume of 2,153,835. NewRiver REIT has a twelve month low of GBX 65.70 and a twelve month high of GBX 85. The company has a debt-to-equity ratio of 113.05, a current ratio of 73.44 and a quick ratio of 3.00. The company has a market capitalization of £346.30 million, a price-to-earnings ratio of 11.20, a PEG ratio of -3.14 and a beta of 0.66. The business’s 50-day moving average price is GBX 78.73 and its 200 day moving average price is GBX 77.51.

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.