Newriver Reit (NRR) Rating Reiterated by Liberum Capital

Newriver Reit (LON:NRR)‘s stock had its “buy” rating restated by equities researchers at Liberum Capital in a research report issued to clients and investors on Thursday. They currently have a GBX 370 ($5.19) price objective on the real estate investment trust’s stock. Liberum Capital’s target price indicates a potential upside of 24.79% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 385 ($5.40) price objective on shares of Newriver Reit in a research note on Wednesday, November 22nd. Peel Hunt reiterated an “add” rating and issued a GBX 365 ($5.12) price objective on shares of Newriver Reit in a research note on Tuesday, December 5th.

Shares of Newriver Reit (NRR) traded up GBX 14 ($0.20) during midday trading on Thursday, hitting GBX 296.50 ($4.16). The stock had a trading volume of 1,243,813 shares, compared to its average volume of 758,300. The firm has a market capitalization of $893.70 and a PE ratio of 1,976.67. Newriver Reit has a twelve month low of GBX 275.50 ($3.86) and a twelve month high of GBX 374.50 ($5.25).

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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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