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Home / Support and Resistance / NewRiver REIT (NRR.L) 25-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

NewRiver REIT (NRR.L) 25-02-20

Will the NewRiver REIT (NRR.L) share price break beneath the 187p support zone, or will we see a return to highs of 217p (+16%)?

 

  • Currently trading close to the key 187p support at 186p (at time of writing).
  • The support has proven reliable until now. Will the price rebound again?
  • As always, traders should be mindful of stop-loss placement.
  • Will the shares bounce again to recent highs at 217p? (+16%).
  • Shares -24% from 12-month highs; +26% from 12 month lows.

Latest News

28 Jan:  Allan Lockhart, Chief Executive Officer, sold 148,750 shares within the firm on the 27th January 2020 at a price of 190p. This Director currently has 256,883 shares.

22 Jan:  NewRiver REIT announced that customer visits across its shopping centres declined by 1.9% within Q3r, although it beat the UK benchmark.

22 Jan:  Liberum Capital reiterates its buy rating on NewRiver Retail Ltd (NRR) and reduced the target price to 240p (from 250p).

17 Dec:  Peel Hunt reiterates its buy rating on NewRiver Retail Ltd (NRR) and increased the target price to 225p (from 200p).

10 Dec:  Barclays Capital reiterates its equal weight rating on NewRiver Retail Ltd (NRR) and reduced the target price to 200p (from 215p).

03 Dec:  NewRiver REIT announced it had taken over Bravo Inns for £17.9m, representing an earnings multiple of 6.8 times.

02 Dec:  NewRiver REIT announced it had acquired Sprucefield retail park in Northern Ireland for £40m.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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