Peel Hunt Reiterates Add Rating for NewRiver REIT (NRR)
NewRiver REIT (LON:NRR)‘s stock had its “add” rating reissued by equities research analysts at Peel Hunt in a research note issued to investors on Tuesday. They currently have a GBX 365 ($4.91) price target on the real estate investment trust’s stock. Peel Hunt’s price objective points to a potential upside of 15.12% from the stock’s previous close.
NRR has been the topic of a number of other research reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 370 ($4.98) price objective on shares of NewRiver REIT in a report on Thursday, September 7th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 385 ($5.18) price objective on shares of NewRiver REIT in a report on Wednesday, November 22nd.
Shares of NewRiver REIT (LON:NRR) traded up GBX 6.05 ($0.08) on Tuesday, reaching GBX 317.05 ($4.27). The company’s stock had a trading volume of 676,457 shares, compared to its average volume of 491,700. NewRiver REIT has a 12 month low of GBX 309.20 ($4.16) and a 12 month high of GBX 374.50 ($5.04).
NewRiver REIT 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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