Jefferies Financial Group Reaffirms Buy Rating for NewRiver REIT (LON:NRR)

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a report released on Friday,London Stock Exchange reports. They presently have a GBX 96 price objective on the real estate investment trust’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 25.66% from the company’s previous close.

NRR has been the subject of a number of other reports. Berenberg Bank cut their target price on NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 98.

NewRiver REIT Price Performance

NRR traded up GBX 1.49 during trading on Friday, reaching GBX 76.39. The stock had a trading volume of 3,850,968 shares, compared to its average volume of 2,248,762. The firm has a market capitalization of £329.01 million, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of -3.14 and a beta of 0.61. The company has a quick ratio of 3.00, a current ratio of 1.94 and a debt-to-equity ratio of 113.22. NewRiver REIT has a 1-year low of GBX 65.70 and a 1-year high of GBX 81.70. The stock has a 50 day moving average of GBX 74.40 and a two-hundred day moving average of GBX 71.86.

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.