Newriver Reit (NRR) Upgraded to “Buy” at HSBC

Newriver Reit (LON:NRR) was upgraded by research analysts at HSBC to a “buy” rating in a research report issued to clients and investors on Wednesday, January 2nd.

A number of other equities analysts have also weighed in on the company. Liberum Capital reiterated a “buy” rating on shares of Newriver Reit in a research note on Wednesday, September 19th. Peel Hunt reiterated an “add” rating on shares of Newriver Reit in a research note on Wednesday, November 21st. Finally, Barclays lowered Newriver Reit to an “equal weight” rating in a research note on Wednesday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Newriver Reit presently has a consensus rating of “Buy” and an average target price of GBX 335 ($4.38).

Shares of LON NRR opened at GBX 205.96 ($2.69) on Wednesday. Newriver Reit has a 1-year low of GBX 275.50 ($3.60) and a 1-year high of GBX 374.50 ($4.89).

In related news, insider Mark Davies sold 46,680 shares of the stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of GBX 220 ($2.87), for a total transaction of £102,696 ($134,190.51).

About Newriver Reit

NewRiver REIT plc (‘NewRiver') is a leading Real Estate Investment Trust specializing in buying, managing, developing and recycling convenience-led, community-focused retail and leisure assets throughout the UK. Our £1.4 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 21 conveniently located retail parks and over 600 community pubs.

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Analyst Recommendations for Newriver Reit (LON:NRR)

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