NewRiver REIT (LON:NRR) Earns “Buy” Rating from Jefferies Financial Group

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a note issued to investors on Thursday, Marketbeat.com reports. They currently have a GBX 90 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 26.23% from the stock’s previous close.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a report on Thursday, July 31st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 90.

NewRiver REIT Trading Down 0.6%

Shares of LON NRR opened at GBX 71.30 on Thursday. NewRiver REIT has a 12 month low of GBX 62.90 and a 12 month high of GBX 85. The company has a market cap of £303.73 million, a price-to-earnings ratio of 1,131.75, a P/E/G ratio of -3.14 and a beta of 1.10. The company has a quick ratio of 3.00, a current ratio of 5.48 and a debt-to-equity ratio of 90.77. The business has a fifty day simple moving average of GBX 71.94 and a 200-day simple moving average of GBX 72.93.

Insider Transactions at NewRiver REIT

In related news, insider Will Hobman sold 66,339 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of GBX 70, for a total value of £46,437.30. Corporate insiders own 2.51% of the company’s stock.

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.