Newriver Reit PLC 8.8% potential upside indicated by Peel Hunt Limited

Newriver Reit PLC with ticker (LON:NRR) now has a potential upside of 8.8% according to Peel Hunt Limited.



Peel Hunt Limited set a target price of 90 GBX for the company, which when compared to the Newriver Reit PLC share price of 83 GBX at opening today (07/06/2023) indicates a potential upside of 8.8%. Trading has ranged between 67 (52 week low) and 100 (52 week high) with an average of 391,350 shares exchanging hands daily. The market capitalisation at the time of writing is £270,470,593.

NewRiver REIT plc is a United Kingdom-based real estate investment trust. The Company is engaged in buying, managing, and developing retail and leisure assets throughout the United Kingdom. Its objective is to own and manage the resilient retail portfolio in the United Kingdom, focused on retail parks, core shopping centers, and regeneration opportunities in order to deliver long term attractive recurring income returns and capital growth for its shareholders. The Company’s United Kingdom’s portfolio covers eight million square feet and comprises approximately 28 community shopping centers and approximately 15 conveniently located retail parks occupied by tenants predominately focused on essential goods and services. Its retail parks portfolio includes Kittybrewster Retail Park, Waterfront Retail Park, Rishworth Centre Retail Park, and Rishworth Centre Retail Park. Its shopping centers portfolio includes Priory Meadow, Abbey Centre, and Locksheath Shopping Village.