Carphone Warehouse Group Given Buy Rating at Citigroup Inc. (CPW)
Carphone Warehouse Group (LON:CPW)‘s stock had its “buy” rating reaffirmed by Citigroup Inc. in a research note issued on Wednesday, American Banking News reports. They currently have a GBX 290 ($4.68) price objective on the stock. Citigroup Inc.’s target price would indicate a potential upside of 22.75% from the stock’s previous close.
A number of other firms have also recently commented on CPW. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Carphone Warehouse Group (LON:CPW) in a research note to investors on Monday, September 23rd. They now have a GBX 275 ($4.44) price target on the stock. Separately, 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 ($4.03) 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 ($4.68) to GBX 270 ($4.36) in a research note to investors on Tuesday, September 3rd. They now have an “outperform” rating on the stock. One investment 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’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 250.71 ($4.05).
Carphone Warehouse Group (LON:CPW) traded up 3.81% on Wednesday, hitting GBX 245.25. 421,533 shares of the company’s stock traded hands. Carphone Warehouse Group has a 1-year low of GBX 155.34 and a 1-year 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 £1.159 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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