NewRiver REIT (LON:NRR) Stock Rating Reaffirmed by Berenberg Bank

NewRiver REIT (LON:NRR – Get Rating)‘s stock had its “buy” rating restated by Berenberg Bank in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a GBX 115 ($1.40) target price on the real estate investment trust’s stock. Berenberg Bank’s price target would suggest a potential upside of 29.80% from the stock’s previous close.

Other analysts have also issued research reports about the company. Shore Capital reiterated a “house stock” rating on shares of NewRiver REIT in a report on Tuesday, May 3rd. Barclays reaffirmed an “equal weight” rating and set a GBX 80 ($0.97) price target on shares of NewRiver REIT in a research report on Monday, May 23rd.

Shares of LON NRR opened at GBX 88.60 ($1.08) on Friday. The business’s 50 day moving average is GBX 90.94 and its two-hundred day moving average is GBX 89.38. The company has a debt-to-equity ratio of 89.71, a current ratio of 2.97 and a quick ratio of 2.79. NewRiver REIT has a 1-year low of GBX 70 ($0.85) and a 1-year high of GBX 101.60 ($1.23). The stock has a market capitalization of £273.05 million and a P/E ratio of -10.22.

In other news, insider Allan Lockhart purchased 22,500 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was acquired at an average price of GBX 89 ($1.08) per share, for a total transaction of £20,025 ($24,305.13).

NewRiver REIT Company Profile (Get Rating)

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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