NewRiver REIT (LON:NRR) Stock Price Down 0.6% – What’s Next?

NewRiver REIT plc (LON:NRR – Get Free Report) shares traded down 0.6% during mid-day trading on Thursday. The stock traded as low as GBX 79.10 and last traded at GBX 80.40. Approximately 332,879 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,768,623 shares. The stock had previously closed at GBX 80.90.

Wall Street Analysts Forecast Growth

NRR has been the topic of a number of research analyst reports. Shore Capital Group reiterated a “house stock” rating on shares of NewRiver REIT in a research note on Tuesday, July 28th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 87 target price on shares of NewRiver REIT in a research report on Thursday, October 15th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 95.

Check Out Our Latest Stock Report on NRR

NewRiver REIT Price Performance

The company has a debt-to-equity ratio of 113.05, a current ratio of 73.44 and a quick ratio of 3.00. The company has a fifty day moving average price of GBX 78.58 and a 200 day moving average price of GBX 77.30. The company has a market capitalization of £350.22 million, a P/E ratio of 11.32, a price-to-earnings-growth ratio of -3.14 and a beta of 0.66.

NewRiver REIT Company Profile

(Get Free Report)

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

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