Liberum Capital Reiterates Buy Rating for NewRiver REIT plc (NRR)
NewRiver REIT plc (LON:NRR)‘s stock had its “buy” rating restated by Liberum Capital in a report released on Wednesday. They currently have a GBX 370 ($4.87) price target on the real estate investment trust’s stock. Liberum Capital’s price objective would suggest a potential upside of 13.50% from the company’s current price.
Other equities analysts have also issued reports about the stock. Berenberg Bank upped their price objective on shares of NewRiver REIT plc from GBX 375 ($4.93) to GBX 380 ($5.00) and gave the stock a “buy” rating in a report on Thursday, August 3rd. Peel Hunt reiterated a “buy” rating and set a GBX 365 ($4.80) target price on shares of NewRiver REIT plc in a report on Monday, August 14th.
Shares of NewRiver REIT plc (LON:NRR) traded down GBX 2.90 ($0.04) during mid-day trading on Wednesday, hitting GBX 326 ($4.29). 519,283 shares of the stock traded hands, compared to its average volume of 385,422. NewRiver REIT plc has a 52-week low of GBX 309.20 ($4.07) and a 52-week high of GBX 374.50 ($4.93).
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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