NewRiver REIT (LON:NRR) Share Price Passes Below 200 Day Moving Average - What's Next?

Key Points

• NewRiver REIT shares fell below their 200-day moving average, trading at GBX 71.85 ($0.97), compared to the average of GBX 73.20.
• Analysts have given NewRiver REIT an average rating of "Buy" with a price target of GBX 90, indicating potential for future growth.
• Insider Will Hobman sold 66,339 shares at an average price of GBX 70, amounting to a total of £46,437.30, with insider ownership currently at 2.53%.

NewRiver REIT plc (LON:NRR - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 73.20 ($0.99) and traded as low as GBX 71.60 ($0.97). NewRiver REIT shares last traded at GBX 71.85 ($0.97), with a volume of 593,139 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently commented on NRR. Shore Capital restated a "house stock" rating on shares of NewRiver REIT in a research note on Thursday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 90 price objective on shares of NewRiver REIT in a report on Thursday, September 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of GBX 90.

NewRiver REIT Stock Down 0.3%

The business has a 50-day simple moving average of GBX 71.90 and a two-hundred day simple moving average of GBX 73.20. The stock has a market capitalization of £304.62 million, a P/E ratio of 1,133.25, a PEG ratio of -3.14 and a beta of 1.10. 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 Activity at NewRiver REIT

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

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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