Newriver Reit PLC (LON:NRR) Receives GBX 128.60 Average Price Target from Brokerages

Newriver Reit PLC (LON:NRR) has received an average recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 125.80 ($1.55).

A number of equities analysts recently issued reports on the stock. Peel Hunt reiterated a “hold” rating on shares of Newriver Reit in a research report on Thursday, June 18th. HSBC decreased their target price on shares of Newriver Reit from GBX 232 ($2.86) to GBX 95 ($1.17) and set a “buy” rating for the company in a research report on Thursday, April 9th. Liberum Capital decreased their target price on shares of Newriver Reit from GBX 160 ($1.97) to GBX 145 ($1.78) and set a “buy” rating for the company in a research report on Thursday, June 18th. Berenberg Bank reiterated a “hold” rating on shares of Newriver Reit in a research report on Wednesday, May 6th. Finally, Barclays decreased their target price on shares of Newriver Reit from GBX 90 ($1.11) to GBX 76 ($0.94) and set an “equal weight” rating for the company in a research report on Thursday, June 25th.

NRR traded up GBX 5.60 ($0.07) on Tuesday, reaching GBX 66.10 ($0.81). The company had a trading volume of 1,865,821 shares, compared to its average volume of 945,922. The company has a fifty day moving average of GBX 62.07 and a 200-day moving average of GBX 123.95. The company has a market capitalization of $202.40 million and a P/E ratio of -1.67. The company has a current ratio of 2.27, a quick ratio of 2.07 and a debt-to-equity ratio of 117.52. Newriver Reit has a one year low of GBX 47.55 ($0.59) and a one year high of GBX 218.50 ($2.69).

About Newriver Reit

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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Analyst Recommendations for Newriver Reit (LON:NRR)

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