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

NewRiver REIT logo with Real Estate background
Image from MarketBeat Media, LLC.

Key Points

  • Technical breach: NewRiver REIT slipped below its 200‑day moving average of GBX 71.79, trading as low as GBX 71.60 and last at GBX 73.35 on volume of 1,305,094, a potential technical red flag.
  • Analyst view: The stock carries a consensus "Buy" rating with a target price of GBX 97.67, although Berenberg recently cut its target from GBX 128 to GBX 98.
  • Mixed fundamentals: Valuation appears modest (market cap £315.9m; P/E 10.79) but the company has high leverage (debt-to-equity 113.2%) despite healthy liquidity ratios.
  • Five stocks to consider instead of NewRiver REIT.

NewRiver REIT plc (LON:NRR - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 71.79 and traded as low as GBX 71.60. NewRiver REIT shares last traded at GBX 73.35, with a volume of 1,305,094 shares trading hands.

Wall Street Analyst Weigh In

NRR has been the topic of a number of recent analyst reports. Shore Capital Group reiterated a "house stock" rating on shares of NewRiver REIT in a research note on Wednesday, January 28th. Berenberg Bank dropped their price objective on NewRiver REIT from GBX 128 to GBX 98 and set a "buy" rating on the stock in a research note on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 97.67.

Check Out Our Latest Report on NewRiver REIT

NewRiver REIT Stock Up 1.0%

The stock has a market capitalization of £315.89 million, a P/E ratio of 10.79, a price-to-earnings-growth ratio of -3.14 and a beta of 0.61. The firm has a 50 day moving average of GBX 74.26 and a 200-day moving average of GBX 71.79. The company has a debt-to-equity ratio of 113.22, a current ratio of 1.94 and a quick ratio of 3.00.

NewRiver REIT Company Profile

(Get Free Report)

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.

See Also

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