NewRiver REIT (LON:NRR) Shares Cross Above 200 Day Moving Average of $83.23

NewRiver REIT plc (LON:NRR – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 83.23 ($1.04) and traded as high as GBX 84.74 ($1.05). NewRiver REIT shares last traded at GBX 83.10 ($1.03), with a volume of 407,669 shares trading hands.

Analyst Ratings Changes

NRR has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 120 ($1.49) price objective on shares of NewRiver REIT in a research note on Friday, March 24th. Shore Capital reiterated a “house stock” rating on shares of NewRiver REIT in a report on Thursday, April 13th.

NewRiver REIT Stock Up 0.1 %

The company has a debt-to-equity ratio of 91.09, a quick ratio of 3.00 and a current ratio of 3.17. The firm has a market cap of £257.67 million, a PE ratio of 921.11, a PEG ratio of -3.14 and a beta of 1.10. The stock has a fifty day moving average price of GBX 82.48 and a 200-day moving average price of GBX 83.23.

About NewRiver REIT

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NewRiver REIT plc (‘NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing essential retail and leisure assets throughout the UK. Our £1.1 billion portfolio covers 9 million sq ft and comprises 33 community shopping centres, 24 conveniently located retail parks and 700 community pubs.