Jefferies Financial Group Reaffirms "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.

Jefferies Financial Group reissued their buy rating on shares of NewRiver REIT (LON:NRR - Free Report) in a research report released on Thursday morning, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 90 price target on the real estate investment trust's stock.

Separately, Shore Capital reiterated a "house stock" rating on shares of NewRiver REIT in a research note on Thursday, July 31st. One analyst has rated the stock with a Buy rating, According to MarketBeat, NewRiver REIT presently has a consensus rating of "Buy" and a consensus target price of GBX 90.

NewRiver REIT Stock Down 1.0%

Shares of NRR traded down GBX 0.70 during mid-day trading on Thursday, reaching GBX 71.10. 554,390 shares of the stock traded hands, compared to its average volume of 937,195. The firm has a market cap of £302.88 million, a price-to-earnings ratio of 1,128.57, a P/E/G ratio of -3.14 and a beta of 1.10. The stock has a fifty day simple moving average of GBX 71.93 and a 200 day simple moving average of GBX 72.99. NewRiver REIT has a 12-month low of GBX 62.90 and a 12-month high of GBX 85. The company has a quick ratio of 3.00, a current ratio of 5.48 and a debt-to-equity ratio of 90.77.

Insider Buying and Selling

In other NewRiver REIT news, insider Will Hobman sold 66,339 shares of NewRiver REIT stock in a transaction on Tuesday, September 9th. The shares were 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.