NewRiver REIT (LON:NRR) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

NewRiver REIT plc (LON:NRR) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 77.27 and traded as low as GBX 76.40. NewRiver REIT shares last traded at GBX 78.20, with a volume of 845,309 shares trading hands.

Analysts Set New Price Targets

NRR has been the topic of several analyst reports. Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a research report on Tuesday, July 28th. Berenberg Bank reiterated a “buy” rating and set a GBX 98 price target on shares of NewRiver REIT in a research report on Tuesday, June 2nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 92 price target on shares of NewRiver REIT in a report on Wednesday, September 9th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 96.67.

NewRiver REIT Stock Down 1.0%

The company has a debt-to-equity ratio of 113.05, a quick ratio of 3.00 and a current ratio of 73.44. The stock’s fifty day simple moving average is GBX 80.55 and its two-hundred day simple moving average is GBX 77.26. The company has a market capitalization of £338.14 million, a price-to-earnings ratio of 10.96, a P/E/G ratio of -3.14 and a beta of 0.62.

About NewRiver REIT

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.