NewRiver REIT (LON:NRR) Shares Cross Below Two Hundred Day Moving Average - What's Next?

Key Points

• Shares crossed below its 200-day moving average — NewRiver REIT fell under the GBX 71.77 level, trading as low as GBX 70.64 and last at GBX 70.87 on a volume of 5,579,135, signalling short-term technical weakness.
• Analysts remain broadly positive with a consensus "Buy" rating and a target price of GBX 97.67, as individual targets sit around GBX 98–100 despite a recent cut by Berenberg.
• Fundamentals show a market cap of £305.06m and a PE of 10.42, but a high debt-to-equity ratio (113.22) highlights elevated leverage that investors should weigh.

NewRiver REIT plc (LON:NRR - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 71.77 and traded as low as GBX 70.64. NewRiver REIT shares last traded at GBX 70.87, with a volume of 5,579,135 shares traded.

Analysts Set New Price Targets

Several equities analysts have weighed in on NRR shares. Panmure Gordon reiterated a "buy" rating and issued a GBX 100 target price on shares of NewRiver REIT in a report on Tuesday, December 2nd. Shore Capital Group restated a "house stock" rating on shares of NewRiver REIT in a report on Wednesday, January 28th. Finally, Berenberg Bank reduced their price target on shares of NewRiver REIT from GBX 128 to GBX 98 and set a "buy" rating on the stock in a research report on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 97.67.

NewRiver REIT Trading Up 0.5%

The firm has a market capitalization of £305.06 million, a PE ratio of 10.42, a PEG ratio of -3.14 and a beta of 0.53. The company has a current ratio of 1.94, a quick ratio of 3.00 and a debt-to-equity ratio of 113.22. The business has a fifty day moving average price of GBX 74.15 and a two-hundred day moving average price of GBX 71.77.

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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