N Brown Group plc (BWNG) Price Target Cut to GBX 200 by Analysts at Peel Hunt
N Brown Group plc (LON:BWNG) had its target price trimmed by Peel Hunt from GBX 230 ($2.85) to GBX 200 ($2.48) in a research note released on Tuesday morning. The brokerage currently has a reduce rating on the stock.
Several other research analysts have also recently weighed in on BWNG. Numis Securities Ltd reiterated a hold rating and set a GBX 250 ($3.09) price target on shares of N Brown Group plc in a research report on Thursday, June 16th. Shore Capital restated a house stock rating on shares of N Brown Group plc in a research report on Thursday, June 16th. HSBC restated a buy rating and issued a GBX 390 ($4.83) price objective on shares of N Brown Group plc in a research report on Friday, June 17th. BNP Paribas restated an underperform rating and issued a GBX 175 ($2.17) price objective on shares of N Brown Group plc in a research report on Monday, June 27th. Finally, Jefferies Group cut 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 report on Tuesday, July 5th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 256.50 ($3.17).
N Brown Group plc (LON:BWNG) traded down 3.02% during midday trading on Tuesday, hitting GBX 198.80. 532,571 shares of the stock traded hands. The company has a 50-day moving average of GBX 197.37 and a 200-day moving average of GBX 222.39. N Brown Group plc has a 12 month low of GBX 159.90 and a 12 month high of GBX 400.00. The stock’s market cap is GBX 561.67 million.
The business also recently announced a dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be issued a dividend of GBX 5.67 ($0.07) per share. This represents a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, December 15th.
In related news, insider Higginson,Andrew bought 1,177 shares of N Brown Group plc stock in a transaction that occurred on Thursday, July 28th. The stock was 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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