Newriver Reit PLC (LON:NRR) Stock Rating Reaffirmed by Peel Hunt
Newriver Reit PLC (LON:NRR)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a research report issued to clients and investors on Monday. They presently have a GBX 365 ($4.75) target price on the real estate investment trust’s stock. Peel Hunt’s price objective would suggest a potential upside of 6.41% from the stock’s current price.
NRR has been the subject of several other research reports. Liberum Capital reaffirmed a “buy” rating and set a GBX 370 ($4.82) price target on shares of Newriver Reit PLC in a research report on Friday, July 14th. Berenberg Bank upped their price target on shares of Newriver Reit PLC from GBX 375 ($4.88) to GBX 380 ($4.95) and gave the company a “buy” rating in a research report on Thursday.
Newriver Reit PLC (NRR) traded down 0.44% during trading on Monday, hitting GBX 343.00. 361,917 shares of the stock were exchanged. Newriver Reit PLC has a 1-year low of GBX 299.40 and a 1-year high of GBX 374.50. The firm’s market capitalization is GBX 802.53 million. The company has a 50-day moving average price of GBX 347.86 and a 200 day moving average price of GBX 341.19.
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In related news, insider David Lockhart sold 12,000 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of GBX 349 ($4.54), for a total value of £41,880 ($54,538.35). Also, insider Allan Lockhart sold 54,337 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of GBX 348 ($4.53), for a total transaction of £189,092.76 ($246,246.59). Insiders sold a total of 143,178 shares of company stock valued at $49,761,103 over the last three months.
About Newriver Reit PLC
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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