NewRiver REIT’s (NRR) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of NewRiver REIT (LON:NRR) in a report released on Wednesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 92 target price on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on NRR. Berenberg Bank reaffirmed a “buy” rating and set a GBX 98 price target on shares of NewRiver REIT in a report on Tuesday, June 2nd. Shore Capital Group reiterated a “house stock” rating on shares of NewRiver REIT in a research report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 96.67.

NewRiver REIT Stock Up 0.8%

NRR stock opened at GBX 76.60 on Wednesday. The business’s 50-day moving average price is GBX 80.67 and its 200-day moving average price is GBX 77.30. The stock has a market cap of £332.92 million, a P/E ratio of 10.79, a PEG ratio of -3.14 and a beta of 0.62. The company has a quick ratio of 3.00, a current ratio of 73.44 and a debt-to-equity ratio of 113.05. NewRiver REIT has a twelve month low of GBX 65.70 and a twelve month high of GBX 85.

NewRiver REIT Company Profile

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.