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Newriver Reit PLC 13.5% Potential Upside Indicated by HSBC

Newriver Reit PLC using EPIC/TICKER code (LON:NRR) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. Newriver Reit PLC are listed in the Financials sector within AIM. HSBC have set a target price of 244 GBX on its stock. This would imply the analyst believes there is now a potential upside of 13.5% from the opening price of 215 GBX. Over the last 30 and 90 trading days the company share price has decreased 13 points and decreased 35 points respectively. The 1 year high for the stock price is 337.5 GBX while the 52 week low for the share price is 192.4 GBX.

Newriver Reit PLC has a 50 day moving average of 235.19 GBX and a 200 Day Moving Average share price is recorded at 266.26. There are currently 303,411,380 shares in issue with the average daily volume traded being 592,915. Market capitalisation for LON:NRR is £620,476,272 GBP.