NewRiver REIT (LON:NRR) Stock Price Crosses Below Two Hundred Day Moving Average of $90.40

NewRiver REIT plc (LON:NRR)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 90.40 ($1.18) and traded as low as GBX 73.10 ($0.96). NewRiver REIT shares last traded at GBX 76.60 ($1.00), with a volume of 746,582 shares traded.

NRR has been the subject of several recent research reports. Barclays dropped their target price on shares of NewRiver REIT from GBX 72 ($0.94) to GBX 70 ($0.91) and set an “equal weight” rating for the company in a research report on Monday, July 5th. Shore Capital reiterated a “house stock” rating on shares of NewRiver REIT in a research report on Friday, August 27th. Liberum Capital reiterated a “buy” rating and set a GBX 130 ($1.70) target price on shares of NewRiver REIT in a research report on Monday, August 23rd. Finally, Berenberg Bank upgraded shares of NewRiver REIT to a “buy” rating and upped their target price for the company from GBX 90 ($1.18) to GBX 115 ($1.50) in a research report on Friday, July 16th.

The company has a debt-to-equity ratio of 155.93, a quick ratio of 3.55 and a current ratio of 4.24. The firm’s 50-day simple moving average is GBX 80.23 and its 200 day simple moving average is GBX 90.40. The company has a market cap of £237.04 million and a P/E ratio of -1.56.

In other news, insider Will Hobman acquired 35,995 shares of the stock in a transaction that occurred on Monday, August 23rd. The stock was acquired at an average price of GBX 83 ($1.08) per share, for a total transaction of £29,875.85 ($39,032.99).

About NewRiver REIT (LON:NRR)

NewRiver REIT plc (’NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing essential retail and leisure assets throughout the UK. Our £1.1 billion portfolio covers 9 million sq ft and comprises 33 community shopping centres, 24 conveniently located retail parks and 700 community pubs.

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