NewRiver REIT (LON:NRR) Given House Stock Rating at Shore Capital

NewRiver REIT (LON:NRR – Get Free Report)‘s stock had its “house stock” rating reissued by equities researchers at Shore Capital in a research report issued on Friday, MarketBeat reports.

A number of other analysts have also issued reports on NRR. Peel Hunt reiterated an “add” rating and issued a GBX 90 ($1.13) price target on shares of NewRiver REIT in a report on Tuesday, June 6th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 120 ($1.50) price target on shares of NewRiver REIT in a report on Tuesday, June 6th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 103.75 ($1.30).

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Read Our Latest Stock Analysis on NewRiver REIT

NewRiver REIT Stock Down 2.6 %

Shares of LON NRR opened at GBX 81.50 ($1.02) on Friday. The company has a debt-to-equity ratio of 98.63, a quick ratio of 3.00 and a current ratio of 4.13. The firm has a market capitalization of £253.79 million, a price-to-earnings ratio of -1,630.00, a PEG ratio of -3.14 and a beta of 1.06. The stock has a 50 day moving average price of GBX 83.07 and a 200 day moving average price of GBX 84.21. NewRiver REIT has a 52-week low of GBX 66.70 ($0.83) and a 52-week high of GBX 96 ($1.20).

Insiders Place Their Bets

In related news, insider Will Hobman bought 22,748 shares of the stock in a transaction on Wednesday, June 28th. The stock was bought at an average price of GBX 8,742 ($109.40) per share, for a total transaction of £1,988,630.16 ($2,488,587.36). 10.34% of the stock is owned by company insiders.

About NewRiver REIT

(Get Free Report)

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 7 million sq ft and comprises 26 community shopping centres and 14 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.

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