NewRiver REIT (LON:NRR) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of NewRiver REIT plc (LON:NRR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 72.17 and traded as high as GBX 77.10. NewRiver REIT shares last traded at GBX 76.66, with a volume of 1,158,674 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have commented on NRR shares. Shore Capital Group reaffirmed a “house stock” rating on shares of NewRiver REIT in a research note on Friday, May 1st. Berenberg Bank lowered their target price on shares of NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 100 target price on shares of NewRiver REIT in a research note on Friday, May 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 96 target price on shares of NewRiver REIT in a research note on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, NewRiver REIT presently has a consensus rating of “Buy” and a consensus target price of GBX 98.

NewRiver REIT Stock Performance

The company has a market cap of £330.17 million, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of -3.14 and a beta of 0.62. The stock’s fifty day simple moving average is GBX 74.41 and its two-hundred day simple moving average is GBX 72.17. The company has a debt-to-equity ratio of 113.22, a quick ratio of 3.00 and a current ratio of 1.94.

About NewRiver REIT

NewRiver is a leading Real Estate Investment Trust specialising in buying, managing and developing retail and leisure assets across the UK. Every day, our shopping centres, retail parks and pubs provide essential goods and services to their local communities.