N Brown Group plc (BWNG) Rating Reiterated by N+1 Singer
N Brown Group plc (LON:BWNG)‘s stock had its “buy” rating reaffirmed by N+1 Singer in a research report issued to clients and investors on Tuesday. They currently have a GBX 280 ($3.47) target price on the stock. N+1 Singer’s target price indicates a potential upside of 59.18% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Jefferies Group decreased their price objective on N Brown Group plc from GBX 415 ($5.14) to GBX 250 ($3.09) and set a “buy” rating for the company in a research note on Tuesday, July 5th. HSBC decreased their price objective on N Brown Group plc from GBX 320 ($3.96) to GBX 230 ($2.85) and set a “buy” rating for the company in a research note on Tuesday, July 19th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 200 ($2.48) price objective on shares of N Brown Group plc in a research note on Thursday, September 22nd. Shore Capital restated a “house stock” rating on shares of N Brown Group plc in a research note on Monday, July 18th. Finally, Peel Hunt restated a “reduce” rating and set a GBX 230 ($2.85) target price (down previously from GBX 275 ($3.40)) on shares of N Brown Group plc in a research note on Thursday, June 16th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 256.50 ($3.17).
Shares of N Brown Group plc (LON:BWNG) opened at 203.30 on Tuesday. N Brown Group plc has a 12 month low of GBX 159.90 and a 12 month high of GBX 400.00. The company has a 50-day moving average price of GBX 197.16 and a 200-day moving average price of GBX 223.20. The stock’s market cap is GBX 574.39 million.
In related news, insider Higginson,Andrew bought 1,177 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were acquired at an average price of GBX 180 ($2.23) per share, with a total value of £2,118.60 ($2,622.03).
About N Brown Group plc
N Brown Group plc is a United Kingdom-based Internet and catalogue home shopping company. The Company is engaged in multi-channel retailing. The Company offers clothing, footwear, household and electrical goods. In addition, the Company provides financial services, including flexible credit plans. The Company operates in the United States, the United Kingdom, Germany and Ireland.
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