NewRiver REIT (LON:NRR) Shares Pass Below 200-Day Moving Average of $87.78

NewRiver REIT plc (LON:NRRGet Rating)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 87.78 ($1.06) and traded as low as GBX 73.20 ($0.88). NewRiver REIT shares last traded at GBX 73.30 ($0.89), with a volume of 383,272 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NRR shares. Barclays upped their price objective on shares of NewRiver REIT from GBX 80 ($0.97) to GBX 85 ($1.03) and gave the company an “equal weight” rating in a research note on Thursday, June 23rd. Berenberg Bank reissued a “buy” rating and set a GBX 115 ($1.39) price target on shares of NewRiver REIT in a research report on Wednesday, August 31st. Finally, Shore Capital restated a “house stock” rating on shares of NewRiver REIT in a report on Wednesday, September 7th.

NewRiver REIT Stock Performance

The company has a current ratio of 2.97, a quick ratio of 2.79 and a debt-to-equity ratio of 89.71. The company’s 50 day moving average is GBX 85.26 and its 200-day moving average is GBX 87.78. The company has a market capitalization of £227.03 million and a P/E ratio of 3,665.00.

About NewRiver REIT

(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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