Liberum Capital Reaffirms Buy Rating for Newriver Reit PLC (NRR)
Newriver Reit PLC (LON:NRR)‘s stock had its “buy” rating restated by Liberum Capital in a research note issued to investors on Thursday. They currently have a GBX 370 ($4.78) target price on the real estate investment trust’s stock. Liberum Capital’s price objective points to a potential upside of 2.78% from the company’s current price.
Several other equities analysts have also weighed in on NRR. Peel Hunt lifted their target price on shares of Newriver Reit PLC from GBX 345 ($4.46) to GBX 365 ($4.71) and gave the company a “buy” rating in a report on Tuesday, May 16th. Berenberg Bank lifted their target price on shares of Newriver Reit PLC from GBX 375 ($4.84) to GBX 380 ($4.91) and gave the company a “buy” rating in a report on Thursday, August 3rd.
Shares of Newriver Reit PLC (NRR) traded down 1.42% during trading on Thursday, hitting GBX 360.00. 588,095 shares of the company were exchanged. The company’s 50-day moving average price is GBX 347.31 and its 200 day moving average price is GBX 345.21. Newriver Reit PLC has a 12 month low of GBX 300.00 and a 12 month high of GBX 374.50. The stock’s market cap is GBX 842.31 million.
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In other Newriver Reit PLC news, insider Allan Lockhart sold 54,337 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of GBX 348 ($4.49), for a total value of £189,092.76 ($244,211.24). Also, insider David Lockhart sold 12,000 shares of the business’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of GBX 349 ($4.51), for a total transaction of £41,880 ($54,087.56). Insiders sold a total of 196,924 shares of company stock worth $68,357,219 in the last quarter.
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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