Newriver Reit PLC (LON:NRR) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $200.14 and traded as low as $186.80. Newriver Reit shares last traded at $187.40, with a volume of 1,134,810 shares changing hands.
NRR has been the subject of a number of research analyst reports. Berenberg Bank decreased their price objective on shares of Newriver Reit from GBX 248 ($3.24) to GBX 220 ($2.87) and set a “hold” rating for the company in a report on Thursday, August 15th. Liberum Capital reiterated a “buy” rating on shares of Newriver Reit in a report on Thursday, September 12th. Finally, Peel Hunt reiterated a “buy” rating on shares of Newriver Reit in a report on Tuesday, September 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 235 ($3.07).
The business’s fifty day moving average is GBX 167.82 and its two-hundred day moving average is GBX 200.14. The company has a market cap of $573.23 million and a P/E ratio of -15.49. The company has a debt-to-equity ratio of 63.22, a quick ratio of 1.26 and a current ratio of 1.29.
About Newriver Reit (LON:NRR)
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 £1.3 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 19 conveniently located retail parks and over 650 community pubs.
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