NewRiver REIT’s (NRR) “Buy” Rating Reaffirmed at Jefferies Financial Group

NewRiver REIT (LON:NRR)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 92 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 11.58% from the company’s current price.

Several other analysts also recently commented on NRR. Berenberg Bank reiterated a “buy” rating and set a GBX 98 target price on shares of NewRiver REIT in a research note on Tuesday, June 2nd. Panmure Gordon reissued a “buy” rating and issued a GBX 100 target price on shares of NewRiver REIT in a research report on Friday, May 1st. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of NewRiver REIT in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, NewRiver REIT currently has a consensus rating of “Buy” and an average price target of GBX 96.67.

NewRiver REIT Stock Down 0.8%

NRR stock opened at GBX 82.45 on Wednesday. The company has a quick ratio of 3.00, a current ratio of 73.44 and a debt-to-equity ratio of 113.05. The business has a 50 day moving average of GBX 78.29 and a 200 day moving average of GBX 75.42. NewRiver REIT has a twelve month low of GBX 65.70 and a twelve month high of GBX 84. The firm has a market cap of £355.10 million, a PE ratio of 11.61, a price-to-earnings-growth ratio of -3.14 and a beta of 0.62.

NewRiver REIT (LON:NRR) last issued its quarterly earnings results on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 earnings per share for the quarter. The firm had revenue of £131 million during the quarter. NewRiver REIT had a return on equity of 6.98% and a net margin of 24.37%. On average, research analysts forecast that NewRiver REIT will post 7.4795268 EPS for the current fiscal year.

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.