Newriver Reit (NRR) Receives Buy Rating from Liberum Capital
Liberum Capital reiterated their buy rating on shares of Newriver Reit (LON:NRR) in a research report sent to investors on Thursday morning. The firm currently has a GBX 370 ($5.11) price objective on the real estate investment trust’s stock.
Several other equities analysts have also recently issued reports on the stock. Barclays restated an overweight rating and set a GBX 380 ($5.25) target price on shares of Newriver Reit in a research note on Thursday, February 22nd. Peel Hunt restated an add rating and set a GBX 365 ($5.04) target price on shares of Newriver Reit in a research note on Tuesday, December 5th. Finally, Berenberg Bank restated a buy rating and set a GBX 385 ($5.32) target price on shares of Newriver Reit in a research note on Wednesday, November 22nd.
Newriver Reit (LON:NRR) opened at GBX 291 ($4.02) on Thursday. The stock has a market cap of $872.13 and a PE ratio of 1,940.00. Newriver Reit has a one year low of GBX 275.50 ($3.81) and a one year high of GBX 374.50 ($5.17).
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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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