Peel Hunt reaffirmed their buy rating on shares of Newriver Reit (LON:NRR) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also recently issued reports on NRR. Liberum Capital reaffirmed a buy rating on shares of Newriver Reit in a report on Thursday, November 21st. HSBC dropped their price objective on shares of Newriver Reit from GBX 244 ($3.19) to GBX 232 ($3.03) and set a buy rating on the stock in a report on Wednesday, November 27th. Peel Hunt reissued a buy rating and issued a GBX 200 ($2.61) target price on shares of Newriver Reit in a research report on Thursday, October 17th. Finally, Berenberg Bank cut their target price on Newriver Reit from GBX 248 ($3.24) to GBX 220 ($2.87) and set a hold rating on the stock in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of GBX 228.67 ($2.99).
LON:NRR opened at GBX 193.80 ($2.53) on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 78.11. Newriver Reit has a twelve month low of GBX 143.20 ($1.87) and a twelve month high of GBX 246 ($3.21). The company has a market cap of $594.50 million and a PE ratio of -9.69. The company’s 50 day moving average is GBX 196.71 and its two-hundred day moving average is GBX 187.44.
Newriver Reit Company Profile
NewRiver REIT plc (‘NewRiver') is a leading Real Estate Investment Trust specializing in buying, managing, developing and recycling convenience-led, community-focused retail and leisure assets throughout the UK. Our £1.3 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 19 conveniently located retail parks and over 650 community pubs.
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