Jefferies Financial Group Reiterates Buy Rating for NewRiver REIT (LON:NRR)

Key Points

• Jefferies Financial Group has reiterated a buy rating for NewRiver REIT, setting a price target of GBX 90, which represents a potential upside of 26.66% from the current stock price.
• Shore Capital has also maintained a "house stock" rating on NewRiver REIT, contributing to an average rating of "Buy" among analysts.
• Insider Will Hobman sold 66,339 shares at an average price of GBX 70 as part of a transaction, reflecting ongoing insider activity within the firm.

NewRiver REIT (LON:NRR - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Jefferies Financial Group in a report issued on Thursday,Digital Look reports. They presently 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 26.66% from the stock's current price.

Separately, Shore Capital restated a "house stock" rating on shares of NewRiver REIT in a research note on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of GBX 90.

NewRiver REIT Trading Up 0.1%

LON:NRR opened at GBX 71.06 on Thursday. The firm has a market cap of £302.70 million, a PE ratio of 1,127.90, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. The stock has a fifty day moving average price of GBX 72.02 and a 200 day moving average price of GBX 72.93. NewRiver REIT has a 12-month low of GBX 62.90 and a 12-month high of GBX 85. The company has a current ratio of 5.48, a quick ratio of 3.00 and a debt-to-equity ratio of 90.77.

Insiders Place Their Bets

In other NewRiver REIT news, insider Will Hobman sold 66,339 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of GBX 70, for a total value of £46,437.30. 2.51% of the stock is currently owned by corporate insiders.

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.

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