Booker Group Plc (LON:BOK) had its price objective lifted by JPMorgan Chase & Co. from GBX 200 ($2.89) to GBX 215 ($3.11) in a report issued on Friday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 19.91% from the stock’s current price.
Several other research analysts also recently commented on the company. Shore Capital reissued a “hold” rating on shares of Booker Group Plc in a report on Thursday, March 31st. Goldman Sachs raised Booker Group Plc to a “buy” rating and upped their price objective for the stock from GBX 171 ($2.47) to GBX 198 ($2.86) in a report on Wednesday, May 18th. HSBC reaffirmed a “buy” rating and set a GBX 230 ($3.33) price objective on shares of Booker Group Plc in a report on Wednesday, May 18th. Investec reaffirmed a “buy” rating and set a GBX 210 ($3.04) price objective on shares of Booker Group Plc in a report on Thursday, March 3rd. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Booker Group Plc in a report on Friday, April 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Booker Group Plc has a consensus rating of “Buy” and a consensus target price of GBX 189.42 ($2.74).
Booker Group Plc (LON:BOK) opened at 182.9100 on Friday. The firm’s market cap is GBX 3.24 billion. Booker Group Plc has a 12-month low of GBX 147.80 and a 12-month high of GBX 191.00. The stock has a 50 day moving average price of GBX 167.88 and a 200-day moving average price of GBX 169.49.
Booker Group PLC is a United Kingdom-based food wholesaler. The Company comprises Booker Wholesale, Makro, Booker Direct, Classic Drinks, Ritter Courivaud, Chef Direct and Booker India. The Company is a cash and carry operator, offering branded and private-label goods which are sold to over 486,000 customers including independent convenience stores, grocers, leisure outlets, pubs and restaurants.
