NewRiver REIT (LON:NRR) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

NewRiver REIT plc (LON:NRR)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 72.39 and traded as low as GBX 71.40. NewRiver REIT shares last traded at GBX 74.80, with a volume of 679,005 shares traded.

Analyst Ratings Changes

NRR has been the topic of a number of recent research reports. Berenberg Bank cut their target price on shares of NewRiver REIT from GBX 128 to GBX 98 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Shore Capital Group restated a “house stock” rating on shares of NewRiver REIT in a research note on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and set a GBX 96 target price on shares of NewRiver REIT in a research note on Friday, April 17th. Finally, Panmure Gordon reissued a “buy” rating and issued a GBX 100 target price on shares of NewRiver REIT in a report on Friday, May 1st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 98.

NewRiver REIT Stock Performance

The firm’s fifty day moving average price is GBX 73.99 and its 200-day moving average price is GBX 72.45. The company has a current ratio of 1.94, a quick ratio of 3.00 and a debt-to-equity ratio of 113.22. The firm has a market cap of £327.99 million, a price-to-earnings ratio of 11.20, a PEG ratio of -3.14 and a beta of 0.62.

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.