Newriver Reit’s (NRR) “Add” Rating Reaffirmed at Peel Hunt
Peel Hunt reaffirmed their add rating on shares of Newriver Reit (LON:NRR) in a report published on Tuesday morning, ThisIsMoney.Co.Uk reports.
A number of other equities analysts have also recently weighed in on NRR. Liberum Capital reaffirmed a sell rating on shares of Intu Properties in a research note on Tuesday, June 4th. Berenberg Bank upped their price target on shares of from GBX 1,915 ($25.02) to GBX 2,025 ($26.46) and gave the stock a buy rating in a research note on Tuesday, June 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 269.33 ($3.52).
LON:NRR opened at GBX 170.92 ($2.23) on Tuesday. The company has a debt-to-equity ratio of 63.22, a quick ratio of 1.26 and a current ratio of 1.29. Newriver Reit has a fifty-two week low of GBX 175.60 ($2.29) and a fifty-two week high of GBX 287 ($3.75). The firm has a market cap of $522.51 million and a PE ratio of -14.13. The stock’s fifty day moving average is GBX 191.76.
In other Newriver Reit news, insider Ford of Cunninghame acquired 25,640 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of GBX 195 ($2.55) per share, for a total transaction of £49,998 ($65,331.24). Also, insider David Lockhart sold 72,021 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of GBX 189 ($2.47), for a total transaction of £136,119.69 ($177,864.48).
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 £1.4 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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