Newriver Reit PLC -6.3% potential downside indicated by Barclays

Newriver Reit PLC with ticker (LON:NRR) now has a potential downside of -6.3% 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 85 GBX at opening today (14/12/2021) indicates a potential downside of -6.3%. Trading has ranged between 70 (52 week low) and 109 (52 week high) with an average of 1,280,631 shares exchanging hands daily. The market capitalisation at the time of writing is £265,166,270.

NewRiver REIT PLC is a United Kingdom-based real estate investment trust company. The Company is specialized in buying, managing and developing community and convenience led retail and leisure assets across the United Kingdom. It owns and manages a portfolio of commercial assets within the United Kingdom, which includes shopping centers, retail warehouses, high street shops and several development properties. Its shopping centers, retail parks and pubs provide essential goods and services to their local communities. The Company’s operates under one segment, retail property. The retail investments comprise shopping centers, retail warehouses and high street stores. The Company offers a range of mixed-use development opportunities.