Newriver Reit (LON:NRR) had its price objective reduced by equities research analysts at Liberum Capital from GBX 310 ($4.05) to GBX 300 ($3.92) in a report released on Wednesday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Liberum Capital’s target price would suggest a potential upside of 39.53% from the company’s current price.
A number of other research firms have also issued reports on NRR. HSBC raised shares of Newriver Reit to a “buy” rating in a research report on Wednesday, January 2nd. Barclays lowered shares of Newriver Reit to an “equal weight” rating in a research report on Wednesday, November 7th. Finally, Peel Hunt reissued an “add” rating on shares of Newriver Reit in a research report on Wednesday, October 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Newriver Reit has an average rating of “Buy” and a consensus target price of GBX 335 ($4.38).
NRR opened at GBX 215 ($2.81) on Wednesday. Newriver Reit has a 12-month low of GBX 275.50 ($3.60) and a 12-month high of GBX 374.50 ($4.89).
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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