Peel Hunt Reiterates “Add” Rating for NewRiver (NRR)

NewRiver (LON:NRR)‘s stock had its “add” rating reissued by equities research analysts at Peel Hunt in a research note issued to investors on Monday. They presently have a GBX 365 ($5.09) price target on the real estate investment trust’s stock. Peel Hunt’s price objective points to a potential upside of 23.31% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Liberum Capital reissued a “buy” rating and issued a GBX 370 ($5.16) target price on shares of NewRiver in a research note on Thursday, February 15th. Barclays reissued an “overweight” rating and issued a GBX 380 ($5.30) target price on shares of NewRiver in a research note on Thursday, February 22nd.

LON:NRR opened at GBX 296 ($4.13) on Monday. NewRiver has a 1-year low of GBX 275.50 ($3.84) and a 1-year high of GBX 374.50 ($5.22).

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About NewRiver

NewRiver REIT pic (ticker: NRR) is a premium listed REIT on the London Stock Exchange and a constituent of the FTSE 250 and EPRA indices. The Company is a specialist real estate investor, asset manager and developer focused solely on the UK retail and leisure sector. Founded in 2009, NewRiver is one of the UK's largest owner/managers of convenience-led shopping centres with assets under management of £1.3 billion principally comprising 33 UK wide shopping centres together with further nationwide retail and leisure assets.

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