Shore Capital Group Reaffirms "House Stock" Rating for NewRiver REIT (LON:NRR)

Key Points

• Shore Capital Group reaffirmed its "house stock" rating on NewRiver REIT in a recent research note.
• Analysts collectively maintain a consensus "Buy" rating with a consensus price target of GBX 98 (Jefferies GBX 96; Berenberg cut its target to GBX 98 but kept a buy).
• Shares traded up ~2% to GBX 76.39 on higher-than-average volume; market cap is £329.01m with a P/E of 11.23 and a debt-to-equity ratio of 113.22.

NewRiver REIT (LON:NRR - Get Free Report)'s stock had its "house stock" rating restated by stock analysts at Shore Capital Group in a research report issued on Friday,Digital Look reports.

Several other research firms have also recently issued reports on NRR. Jefferies Financial Group restated a "buy" rating and set a GBX 96 price objective on shares of NewRiver REIT in a research report on Friday. Berenberg Bank cut their price objective on shares of NewRiver REIT from GBX 128 to GBX 98 and set a "buy" rating for the company in a research report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 98.

NewRiver REIT Trading Up 2.0%

NewRiver REIT stock traded up GBX 1.49 during midday trading on Friday, hitting GBX 76.39. 3,850,968 shares of the stock were exchanged, compared to its average volume of 2,248,762. NewRiver REIT has a fifty-two week low of GBX 65.70 and a fifty-two week high of GBX 81.70. The stock has a market capitalization of £329.01 million, a price-to-earnings ratio of 11.23, a PEG ratio of -3.14 and a beta of 0.61. The stock's 50-day simple moving average is GBX 74.40 and its 200 day simple moving average is GBX 71.86. The company has a current ratio of 1.94, a quick ratio of 3.00 and a debt-to-equity ratio of 113.22.

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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