Liberum Capital Lowers Newriver Reit (NRR) Price Target to GBX 300

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).

In other Newriver Reit news, insider Mark Davies sold 46,680 shares of Newriver Reit stock in a transaction dated Friday, December 7th. The stock was sold at an average price of GBX 220 ($2.87), for a total value 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.

Read More: What is the Ex-Dividend Date in Investing?

Analyst Recommendations for Newriver Reit (LON:NRR)

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.

Leave a Reply