Liberum Capital Reiterates Buy Rating for Newriver Reit (NRR)

Newriver Reit (LON:NRR)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a report issued on Thursday. They presently have a GBX 370 ($5.02) target price on the real estate investment trust’s stock. Liberum Capital’s price target suggests a potential upside of 16.35% from the company’s previous close.

A number of other brokerages have also recently weighed in on NRR. Berenberg Bank reissued a “buy” rating and set a GBX 385 ($5.22) price objective on shares of Newriver Reit in a report on Wednesday, November 22nd. Peel Hunt reissued an “add” rating and set a GBX 365 ($4.95) price objective on shares of Newriver Reit in a report on Tuesday, December 5th.

Newriver Reit (LON:NRR) traded up GBX 0.50 ($0.01) during trading hours on Thursday, hitting GBX 318 ($4.31). The company’s stock had a trading volume of 665,727 shares, compared to its average volume of 695,202. Newriver Reit has a 1 year low of GBX 296 ($4.01) and a 1 year high of GBX 374.50 ($5.08). The stock has a market cap of $963.19 and a PE ratio of 2,120.00.

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About Newriver Reit

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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