NewRiver REIT plc (LON:NRR) was downgraded by Peel Hunt to an “add” rating in a report released on Wednesday. They presently have a GBX 365 ($4.80) price objective on the real estate investment trust’s stock. Peel Hunt’s price objective indicates a potential upside of 14.03% from the stock’s previous close.
NRR has been the topic of a number of other research reports. Liberum Capital reissued a “buy” rating and issued a GBX 370 ($4.87) price target on shares of NewRiver REIT plc in a report on Thursday, September 7th. Berenberg Bank increased their price target on shares of NewRiver REIT plc from GBX 375 ($4.93) to GBX 380 ($5.00) and gave the stock a “buy” rating in a report on Thursday, August 3rd.
NewRiver REIT plc (LON NRR) opened at GBX 320.10 ($4.21) on Wednesday. NewRiver REIT plc has a twelve month low of GBX 309.20 ($4.07) and a twelve month high of GBX 374.50 ($4.93).
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In other NewRiver REIT plc news, insider David Lockhart sold 524,931 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of GBX 338 ($4.45), for a total transaction of £1,774,266.78 ($2,333,640.38). Also, insider Mark Davies sold 133,390 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of GBX 359 ($4.72), for a total transaction of £478,870.10 ($629,843.61).
NewRiver REIT plc Company Profile
NewRiver REIT plc is a real estate investment trust engaged in the real estate business in the United Kingdom. The Company is a retail and leisure property investor, asset manager and developer. The Company owns or manages a portfolio of approximately 30 shopping centers, over 20 retail warehouses, a portfolio of approximately 360 public houses with retail and mixed-use development opportunities and a range of high street retail assets.
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