Carphone Warehouse Group Given Buy Rating at Bank of America Corp. (CPW)
Carphone Warehouse Group (LON:CPW)‘s stock had its “buy” rating reaffirmed by investment analysts at Bank of America Corp. in a note issued to investors on Monday, American Banking News reports. They currently have a GBX 275 ($4.40) target price on the stock. Bank of America Corp.’s price target would indicate a potential upside of 21.68% from the company’s current price.
CPW has been the subject of a number of other recent research reports. Analysts at Barclays Capital reiterated an “equal weight” rating on shares of Carphone Warehouse Group (LON:CPW) in a research note to investors on Wednesday, September 4th. They now have a GBX 250 ($4.00) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Carphone Warehouse Group (LON:CPW) in a research note to investors on Wednesday, September 4th. They now have a GBX 290 ($4.65) price target on the stock. Finally, analysts at BNP Paribas cut their price target on shares of Carphone Warehouse Group (LON:CPW) from GBX 290 ($4.65) to GBX 270 ($4.32) in a research note to investors on Tuesday, September 3rd. They now have an “outperform” rating on the stock.
One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Carphone Warehouse Group currently has a consensus rating of “Buy” and an average target price of GBX 250.71 ($4.02).
Carphone Warehouse Group (LON:CPW) traded down 0.88% during mid-day trading on Monday, hitting GBX 226.00. 91,843 shares of the company’s stock traded hands. Carphone Warehouse Group has a 52 week low of GBX 155.34 and a 52 week high of GBX 257.50. The stock’s 50-day moving average is GBX 236. and its 200-day moving average is GBX 229.1. The company’s market cap is £1.068 billion.
Carphone Warehouse Group plc principally consists of a 50% interest in the Best Buy Europe Group and a 46% interest in Virgin Mobile France.
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