Liberum Capital Reiterates “Buy” Rating for Newriver Reit PLC (NRR)
Newriver Reit PLC (LON:NRR)‘s stock had its “buy” rating reissued by analysts at Liberum Capital in a note issued to investors on Friday. They presently have a GBX 370 ($4.83) price target on the real estate investment trust’s stock. Liberum Capital’s target price would indicate a potential upside of 6.84% from the stock’s current price.
Separately, Peel Hunt upped their price target on Newriver Reit PLC from GBX 345 ($4.51) to GBX 365 ($4.77) and gave the stock a “buy” rating in a research note on Tuesday, May 16th.
Newriver Reit PLC (NRR) opened at 346.30 on Friday. The stock has a 50 day moving average price of GBX 350.62 and a 200-day moving average price of GBX 339.51. Newriver Reit PLC has a 12-month low of GBX 299.40 and a 12-month high of GBX 374.50. The stock’s market capitalization is GBX 810.26 million.
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In other Newriver Reit PLC news, insider Allan Lockhart sold 54,337 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of GBX 348 ($4.54), for a total value of £189,092.76 ($246,921.86). Also, insider David Lockhart sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of GBX 349 ($4.56), for a total value of £41,880 ($54,687.91). In the last ninety days, insiders sold 143,178 shares of company stock valued at $49,761,103.
About Newriver Reit PLC
NewRiver REIT plc is a real estate investment trust engaged in the real estate business in the United Kingdom. The Company is a retail and leisure property investor, asset manager and developer. The Company owns or manages a portfolio of approximately 30 shopping centers, over 20 retail warehouses, a portfolio of approximately 360 public houses with retail and mixed-use development opportunities and a range of high street retail assets.
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