Berenberg Bank Has Lowered Expectations for NewRiver REIT (LON:NRR) Stock Price

NewRiver REIT (LON:NRR) had its price objective dropped by analysts at Berenberg Bank from GBX 128 to GBX 98 in a report released on Tuesday, Marketbeat.com reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s price objective suggests a potential upside of 32.79% from the stock’s previous close.

Several other equities analysts also recently issued reports on the company. Panmure Gordon reissued a “buy” rating and issued a GBX 100 target price on shares of NewRiver REIT in a research report on Tuesday, December 2nd. Jefferies Financial Group increased their price objective on NewRiver REIT from GBX 90 to GBX 95 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Shore Capital restated a “house stock” rating on shares of NewRiver REIT in a research note on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 97.67.

NewRiver REIT Stock Performance

Shares of NewRiver REIT stock opened at GBX 73.80 on Tuesday. The company has a 50 day moving average price of GBX 70.03 and a 200 day moving average price of GBX 70.94. The firm has a market capitalization of £315.38 million, a P/E ratio of 10.85, a PEG ratio of -3.14 and a beta of 1.10. The company has a quick ratio of 3.00, a current ratio of 5.48 and a debt-to-equity ratio of 90.77. NewRiver REIT has a 52 week low of GBX 62.90 and a 52 week high of GBX 81.50.

NewRiver REIT (LON:NRR) last issued its quarterly earnings results on Tuesday, December 2nd. The real estate investment trust reported GBX 3.10 earnings per share (EPS) for the quarter. NewRiver REIT had a net margin of 4.16% and a return on equity of 0.78%. Sell-side analysts expect that NewRiver REIT will post 7.4795268 EPS for the current year.

Insider Buying and Selling

In related news, insider Allan Lockhart sold 168,890 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of GBX 68, for a total transaction of £114,845.20. 2.53% of the stock is currently owned by company insiders.

NewRiver REIT Company Profile

NewRiver is a leading Real Estate Investment Trust specialising in buying, managing and developing retail and leisure assets across the UK. Every day, our shopping centres, retail parks and pubs provide essential goods and services to their local communities.