Jefferies Financial Group Reaffirms Buy Rating for NewRiver REIT (LON:NRR)
by Renee Jackson · The Cerbat GemNewRiver REIT (LON:NRR – Get Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 87 price target on the real estate investment trust’s stock. Jefferies Financial Group’s target price suggests a potential upside of 7.94% from the stock’s previous close.
Separately, Shore Capital Group reissued a “house stock” rating on shares of NewRiver REIT in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, NewRiver REIT currently has a consensus rating of “Buy” and an average target price of GBX 95.
View Our Latest Analysis on NewRiver REIT
NewRiver REIT Stock Up 1.5%
Shares of NRR opened at GBX 80.60 on Thursday. The business’s 50 day moving average is GBX 78.73 and its 200 day moving average is GBX 77.51. The company has a market capitalization of £351.09 million, a PE ratio of 11.35, a price-to-earnings-growth ratio of -3.14 and a beta of 0.66. NewRiver REIT has a 12-month low of GBX 65.70 and a 12-month high of GBX 85. The company has a current ratio of 73.44, a quick ratio of 3.00 and a debt-to-equity ratio of 113.05.
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.