Newriver Reit (LON:NRR)‘s stock had its “add” rating reissued by Peel Hunt in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.
Other research analysts have also recently issued research reports about the company. Liberum Capital reaffirmed a “sell” rating on shares of Intu Properties in a research note on Tuesday, June 4th. Berenberg Bank upped their target price on from GBX 1,915 ($25.02) to GBX 2,025 ($26.46) and gave the company a “buy” rating in a research note on Tuesday, June 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Newriver Reit has an average rating of “Hold” and a consensus price target of GBX 269.33 ($3.52).
NRR stock traded up GBX 5 ($0.07) during midday trading on Tuesday, reaching GBX 170.40 ($2.23). 2,917,159 shares of the company traded hands, compared to its average volume of 945,922. Newriver Reit has a 52-week low of GBX 175.60 ($2.29) and a 52-week high of GBX 287 ($3.75). The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 63.22. The stock’s 50 day simple moving average is GBX 192.73. The firm has a market cap of $520.94 million and a price-to-earnings ratio of -14.08.
In related news, insider David Lockhart sold 72,021 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of GBX 189 ($2.47), for a total value of £136,119.69 ($177,864.48). Also, insider Ford of Cunninghame acquired 25,640 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average cost of GBX 195 ($2.55) per share, for a total transaction of £49,998 ($65,331.24).
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 £1.4 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 21 conveniently located retail parks and over 600 community pubs.
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