Poundland Group PLC (LON:PLND) Receives Consensus Recommendation of “Hold” from Brokerages
Poundland Group PLC (LON:PLND) has been given a consensus recommendation of “Hold” by the sixteen analysts that are currently covering the company. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 216 ($2.82).
Several research firms have recently weighed in on PLND. HSBC reaffirmed a “hold” rating and set a GBX 222 ($2.90) price objective on shares of Poundland Group PLC in a research report on Wednesday, August 10th. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 227 ($2.96) target price on shares of Poundland Group PLC in a report on Thursday, August 18th. Canaccord Genuity reiterated a “hold” rating on shares of Poundland Group PLC in a report on Thursday, August 25th. Morgan Stanley upped their target price on Poundland Group PLC from GBX 150 ($1.96) to GBX 220 ($2.87) and gave the stock an “equal weight” rating in a report on Friday, July 15th. Finally, Beaufort Securities reiterated a “sell” rating on shares of Poundland Group PLC in a report on Friday, August 12th.
Poundland Group PLC (LON:PLND) traded up 0.11% during mid-day trading on Wednesday, reaching GBX 225.00. The company’s stock had a trading volume of 1,577,363 shares. The company has a 50 day moving average of GBX 224.80 and a 200-day moving average of GBX 190.73. Poundland Group PLC has a 52-week low of GBX 129.25 and a 52-week high of GBX 327.90.
About Poundland Group PLC
Poundland Group plc is a United Kingdom-based company, which operates as a general merchandise retailer in Europe. The Company operates a network of over 580 stores across the United Kingdom and Ireland. It sells a range of products across 17 product categories, including household goods, grocery, impulse, and health and beauty.
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