NewRiver REIT (LON:NRR) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of NewRiver REIT plc (LON:NRR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 76.73 and traded as high as GBX 81.70. NewRiver REIT shares last traded at GBX 81.70, with a volume of 442,814 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NRR shares. Berenberg Bank restated a “buy” rating and issued a GBX 98 price objective on shares of NewRiver REIT in a research note on Tuesday, June 2nd. Shore Capital Group reiterated a “house stock” rating on shares of NewRiver REIT in a research report on Tuesday, July 28th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 92 target price on shares of NewRiver REIT in a research report on Wednesday, July 29th. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 100 price target on shares of NewRiver REIT in a report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, NewRiver REIT currently has an average rating of “Buy” and an average price target of GBX 96.67.

NewRiver REIT Stock Performance

The company has a market cap of £351.86 million, a P/E ratio of 11.51, a PEG ratio of -3.14 and a beta of 0.62. The business’s 50 day simple moving average is GBX 79.95 and its 200 day simple moving average is GBX 76.73. The company has a current ratio of 73.44, a quick ratio of 3.00 and a debt-to-equity ratio of 113.05.

NewRiver REIT (LON:NRR) last issued its earnings results on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 earnings per share for the quarter. The company had revenue of £131 million during the quarter. NewRiver REIT had a net margin of 24.37% and a return on equity of 6.98%. Sell-side analysts predict that NewRiver REIT plc will post 7.4795268 earnings per share for the current fiscal 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.