NewRiver REIT plc (LON:NRR)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday. They currently have a GBX 385 ($5.06) price objective on the real estate investment trust’s stock. Berenberg Bank’s target price would indicate a potential upside of 15.79% from the company’s current price.

Several other equities research analysts have also recently weighed in on NRR. Liberum Capital reissued a “buy” rating and set a GBX 370 ($4.87) price target on shares of NewRiver REIT plc in a research report on Thursday, September 7th. Peel Hunt reissued a “buy” rating and set a GBX 365 ($4.80) price target on shares of NewRiver REIT plc in a research report on Monday, August 7th.

Shares of NewRiver REIT plc (NRR) opened at GBX 332.50 ($4.37) on Wednesday. NewRiver REIT plc has a 12 month low of GBX 309.20 ($4.07) and a 12 month high of GBX 374.50 ($4.93).

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In other news, insider Mark Davies sold 133,390 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of GBX 359 ($4.72), for a total value of £478,870.10 ($629,843.61). Also, insider David Lockhart sold 53,746 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of GBX 346 ($4.55), for a total transaction of £185,961.16 ($244,589.19). Insiders have sold a total of 712,067 shares of company stock valued at $243,909,804 in the last three months.

NewRiver REIT plc Company Profile

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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