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).
TRADEMARK VIOLATION NOTICE: “Newriver Reit (NRR) Rating Reiterated by Liberum Capital” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/02/11/newriver-reit-nrr-rating-reiterated-by-liberum-capital.html.
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.
Receive News & Ratings for Newriver Reit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newriver Reit and related companies with MarketBeat.com's FREE daily email newsletter.