NewRiver REIT (LON:NRR) Share Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• NewRiver REIT shares fell below their 200-day moving average of GBX 73.21, trading as low as GBX 70.60 and closing at GBX 70.80.
• Analysts rate NewRiver REIT with an average “Buy” rating and a price target of GBX 90, indicating potential upside from current levels.
• Insider Will Hobman sold 66,339 shares at an average price of GBX 70, receiving a total of £46,437.30 from the transaction.

NewRiver REIT plc (LON:NRR - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 73.21 ($0.98) and traded as low as GBX 70.60 ($0.94). NewRiver REIT shares last traded at GBX 70.80 ($0.94), with a volume of 1,927,830 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NRR shares. Jefferies Financial Group reissued a "buy" rating and issued a GBX 90 price target on shares of NewRiver REIT in a research report on Thursday, September 11th. Shore Capital reissued a "house stock" rating on shares of NewRiver REIT in a research report on Thursday, July 31st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, NewRiver REIT has an average rating of "Buy" and an average target price of GBX 90.

NewRiver REIT Price Performance

The firm has a market capitalization of £304.71 million, a P/E ratio of 1,133.59, a PEG ratio of -3.14 and a beta of 1.10. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48. The firm has a 50-day moving average of GBX 71.91 and a 200-day moving average of GBX 73.21.

Insider Transactions at NewRiver REIT

In related news, insider Will Hobman sold 66,339 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of GBX 70, for a total value of £46,437.30. Company insiders own 2.53% of the company's stock.

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.

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