Shares of Newriver Reit PLC (LON:NRR) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 306.50 ($4.16) and last traded at GBX 306.50 ($4.16), with a volume of 627753 shares trading hands. The stock had previously closed at GBX 310 ($4.20).
Several analysts have recently issued reports on NRR shares. Liberum Capital reiterated a “buy” rating and issued a GBX 370 ($5.02) price objective on shares of Newriver Reit in a research note on Wednesday, November 22nd. Berenberg Bank reiterated a “buy” rating and issued a GBX 385 ($5.22) price objective on shares of Newriver Reit in a research note on Wednesday, November 22nd. Finally, Peel Hunt reiterated an “add” rating and issued a GBX 365 ($4.95) price objective on shares of Newriver Reit in a research note on Tuesday, December 5th.
The firm has a market cap of $928.35 and a P/E ratio of 2,043.33.
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Newriver Reit Company Profile
NewRiver REIT plc is a real estate investment trust engaged in the real estate business in the United Kingdom. The Company is a retail and leisure property investor, asset manager and developer. The Company owns or manages a portfolio of approximately 30 shopping centers, over 20 retail warehouses, a portfolio of approximately 360 public houses with retail and mixed-use development opportunities and a range of high street retail assets.
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