Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for North European Oil Royalty Trust (NYSE: NRT) improved of late. NRT’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 7/29/24, North European Oil Royalty Trust (NYSE: NRT) stock declined modestly by -1.3%, closing at $6.24. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -2.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NRT is expected to continue to be a major Value Builder.
North European Oil Royalty Trust has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. North European Oil Royalty Trust has a very high Appreciation Score of 100 but a slightly negative Power Rating of 30, and the Positive Value Trend Rating results.
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