Peel Hunt Reiterates Buy Rating for Newriver Reit PLC (NRR)
Newriver Reit PLC (LON:NRR)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a note issued to investors on Monday. They presently have a GBX 365 ($4.75) price objective on the real estate investment trust’s stock. Peel Hunt’s price objective points to a potential upside of 7.35% from the company’s current price.
A number of other analysts have also recently issued reports on the stock. Liberum Capital reiterated a “buy” rating and issued a GBX 370 ($4.82) target price on shares of Newriver Reit PLC in a research note on Monday. Berenberg Bank lifted their target price 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 note on Thursday, August 3rd.
Shares of Newriver Reit PLC (LON NRR) opened at 344.00 on Monday. The firm’s market cap is GBX 804.87 million. The stock has a 50 day moving average of GBX 347.15 and a 200 day moving average of GBX 341.44. Newriver Reit PLC has a 52-week low of GBX 300.00 and a 52-week high of GBX 374.50.
In other news, insider David Lockhart sold 12,000 shares of Newriver Reit PLC 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 Newriver Reit PLC stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of GBX 348 ($4.53), for a total transaction of £189,092.76 ($246,246.59). In the last three months, insiders sold 143,178 shares of company stock worth $49,761,103.
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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