Average Price Target: GBX 101
▲ +18.82% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for NewRiver REIT in the last 3 months. The average price target is GBX 101, with a high forecast of GBX 130 and a low forecast of GBX 72. The average price target represents a 18.82% upside from the last price of GBX 85.
The current consensus among 4 contributing investment analysts is to buy stock in NewRiver REIT. This rating has held steady since September 2019, when it changed from a Hold consensus rating.
NewRiver REIT plc (Â'NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing essential retail and leisure assets throughout the UK. Our Â£1.1 billion portfolio covers 9 million sq ft and comprises 33 community shopping centres, 24 conveniently located retail parks and 700 community pubs. We hand-picked our assets to deliberately focus on occupiers providing essential goods and services, and avoid structurally challenged sub-sectors such as department stores, mid-market fashion and casual dining. This focus, combined with our affordable rents and desirable locations, delivers sustainable and growing returns for our shareholders, while our active approach to asset management and inbuilt 2.6 million sq ft development pipeline provide further opportunities to extract value from our portfolio. NewRiver has a Premium Listing on the Main Market of the London Stock Exchange (ticker: NRR).