NewRiver REIT’s (NRR) House Stock Rating Reiterated at Shore Capital Group

Shore Capital Group reaffirmed their house stock rating on shares of NewRiver REIT (LON:NRR) in a research note published on Tuesday,Digital Look reports.

A number of other analysts also recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 96 price objective on shares of NewRiver REIT in a research report on Friday, April 17th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 100 target price on shares of NewRiver REIT in a research report on Friday, May 1st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 98 target price on shares of NewRiver REIT in a research note on Tuesday, June 2nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 96.67.

NewRiver REIT Price Performance

NRR stock opened at GBX 82.90 on Tuesday. The business has a fifty day moving average of GBX 78.53 and a two-hundred day moving average of GBX 75.57. The company has a quick ratio of 3.00, a current ratio of 73.44 and a debt-to-equity ratio of 113.05. The stock has a market cap of £357.03 million, a price-to-earnings ratio of 11.68, 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 84.

NewRiver REIT (LON:NRR) last posted its earnings results on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 EPS for the quarter. NewRiver REIT had a return on equity of 6.98% and a net margin of 24.37%.The company had revenue of £131 million for the quarter. As a group, research analysts anticipate that NewRiver REIT will post 7.4795268 earnings per share for the current year.

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.