NewRiver REIT (LON:NRR) Receives “Buy” Rating from Berenberg Bank

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They presently have a GBX 98 price target on the real estate investment trust’s stock. Berenberg Bank’s target price indicates a potential upside of 27.77% from the stock’s previous close.

Several other brokerages have also recently issued reports on NRR. Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a research report on Tuesday. Panmure Gordon restated a “buy” rating and issued a GBX 100 price target on shares of NewRiver REIT in a research report on Friday, May 1st. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 96 price target on shares of NewRiver REIT in a research report on Friday, April 17th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 98.

NewRiver REIT Stock Performance

Shares of NRR stock opened at GBX 76.70 on Tuesday. The stock has a market capitalization of £330.33 million, a PE ratio of 11.28, a price-to-earnings-growth ratio of -3.14 and a beta of 0.62. NewRiver REIT has a 52-week low of GBX 65.70 and a 52-week high of GBX 81.70. The stock’s 50-day moving average price is GBX 74.37 and its 200 day moving average price is GBX 72.87. The company has a quick ratio of 3.00, a current ratio of 1.94 and a debt-to-equity ratio of 113.22.

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.