NewRiver REIT plc (LON:NRR – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 76.38 and traded as high as GBX 84.80. NewRiver REIT shares last traded at GBX 82.40, with a volume of 863,822 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on NRR. Berenberg Bank restated a “buy” rating and set a GBX 98 price objective on shares of NewRiver REIT in a report on Tuesday, June 2nd. Jefferies Financial Group reissued a “buy” rating and set a GBX 92 price target on shares of NewRiver REIT in a report on Wednesday, July 29th. Panmure Gordon restated a “buy” rating and issued a GBX 100 price target on shares of NewRiver REIT in a research note on Friday, May 1st. Finally, Shore Capital Group reaffirmed 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, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 96.67.
Check Out Our Latest Stock Analysis on NewRiver REIT
NewRiver REIT Trading Down 0.5%
NewRiver REIT (LON:NRR – Get Free Report) last posted its quarterly earnings data on Tuesday, June 2nd. The real estate investment trust reported GBX 7.10 earnings per share (EPS) for the quarter. The firm had revenue of £131 million during the quarter. NewRiver REIT had a net margin of 24.37% and a return on equity of 6.98%. As a group, analysts anticipate that NewRiver REIT plc 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.
Further Reading
- Five stocks we like better than NewRiver REIT
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
- AirJoule Technologies: Short Squeeze Setup Amid Rising Risks
Receive News & Ratings for NewRiver REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewRiver REIT and related companies with MarketBeat.com's FREE daily email newsletter.
