NewRiver REIT (LON:NRR) Stock Crosses Below 200 Day Moving Average – Here’s Why
by Danessa Lincoln · The Markets DailyNewRiver REIT plc (LON:NRR – Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 71.44 and traded as low as GBX 68.70. NewRiver REIT shares last traded at GBX 69.30, with a volume of 495,632 shares traded.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on NRR. Berenberg Bank reissued a “buy” rating and set a GBX 128 target price on shares of NewRiver REIT in a research note on Tuesday, December 2nd. Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a report on Thursday, December 4th. Panmure Gordon reiterated a “buy” rating and set a GBX 100 price objective on shares of NewRiver REIT in a research report on Tuesday, December 2nd. Finally, Jefferies Financial Group boosted their target price on shares of NewRiver REIT from GBX 90 to GBX 95 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 107.67.
Check Out Our Latest Research Report on NewRiver REIT
NewRiver REIT Stock Performance
The business has a 50 day moving average of GBX 69.93 and a 200 day moving average of GBX 71.42. The company has a market capitalization of £294.83 million, a P/E ratio of 10.16, a price-to-earnings-growth 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 (LON:NRR – Get Free Report) last released its quarterly earnings data on Tuesday, December 2nd. The real estate investment trust reported GBX 3.10 earnings per share (EPS) for the quarter. NewRiver REIT had a return on equity of 0.78% and a net margin of 4.16%. On average, sell-side analysts predict that NewRiver REIT plc will post 7.4795268 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider Allan Lockhart sold 168,890 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of GBX 68, for a total transaction of £114,845.20. Corporate insiders own 2.53% of the company’s stock.
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.