Newriver Reit PLC -24.0% potential downside indicated by Barclays

Newriver Reit PLC with ticker (LON:NRR) now has a potential downside of -24.0% according to Barclays.



Barclays set a target price of 80 GBX for the company, which when compared to the Newriver Reit PLC share price of 99 GBX at opening today (04/02/2022) indicates a potential downside of -24.0%. Trading has ranged between 70 (52 week low) and 109 (52 week high) with an average of 1,169,005 shares exchanging hands daily. The market capitalisation at the time of writing is £298,420,221.

NewRiver REIT plc is a real estate investment trust. The Company is engaged in real estate investor, asset manager and developer focused solely on the United Kingdom retail and leisure sector. The Company’s portfolio includes retail portfolio and risk-controlled development. The Company’s retail portfolio, focused on essential retailing for local communities, delivered robust operational metrics. The Company generates income and capital growth is through its risk-controlled development pipeline. Its in-house development team works with stakeholders to obtain planning consents, which it can develop it selves or sell to crystallize a profit. The Company’s developments include Burgess Hill; Cowley, Oxford; Grays; C-store development programme and Wallsend.