N Brown Group plc (BWNG) Price Target Cut to GBX 205 by Analysts at HSBC
N Brown Group plc (LON:BWNG) had its price objective trimmed by HSBC from GBX 215 ($2.66) to GBX 205 ($2.54) in a report published on Thursday morning. The firm currently has a hold rating on the stock.
Other equities research analysts also recently issued research reports about the stock. N+1 Singer decreased their target price on shares of N Brown Group plc from GBX 295 ($3.65) to GBX 280 ($3.47) and set a buy rating for the company in a research note on Thursday, September 22nd. Jefferies Group restated a buy rating and issued a GBX 250 ($3.09) price objective on shares of N Brown Group plc in a research report on Wednesday, September 21st. Numis Securities Ltd restated a hold rating and issued a GBX 250 ($3.09) price objective 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. Finally, Peel Hunt restated a reduce rating and issued a GBX 230 ($2.85) price objective (down previously from GBX 275 ($3.40)) on shares of N Brown Group plc in a research report on Thursday, June 16th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. N Brown Group plc presently has a consensus rating of Hold and a consensus price target of GBX 256.50 ($3.17).
N Brown Group plc (LON:BWNG) traded up 1.60% during midday trading on Thursday, hitting GBX 190.40. The stock had a trading volume of 382,029 shares. The stock has a 50-day moving average price of GBX 197.12 and a 200 day moving average price of GBX 221.99. N Brown Group plc has a 12-month low of GBX 159.90 and a 12-month high of GBX 400.00. The firm’s market cap is GBX 537.94 million.
The firm also recently disclosed a dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, December 15th will be paid a dividend of GBX 5.67 ($0.07) per share. The ex-dividend date is Thursday, December 15th. This represents a dividend yield of 2.77%.
In other N Brown Group plc news, insider Higginson,Andrew acquired 1,177 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was acquired at an average cost of GBX 180 ($2.23) per share, with a total value of £2,118.60 ($2,622.03).
N Brown Group plc Company Profile
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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