Home Retail Group Plc Lowered to “Sell” at Societe Generale (HOME)
Home Retail Group Plc (LON:HOME) was downgraded by analysts at Societe Generale from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, AR Network reports. They currently have a GBX 155 ($2.49) price objective on the stock, up from their previous price objective of GBX 128 ($2.05). Societe Generale’s price target points to a potential downside of 8.45% from the stock’s previous close.
A number of other firms have also recently commented on HOME. Analysts at Nomura raised their price target on shares of Home Retail Group Plc from GBX 200 ($3.21) to GBX 215 ($3.45) in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. Separately, analysts at AlphaValue reiterated a “sell” rating on shares of Home Retail Group Plc in a research note to investors on Thursday, September 26th. They now have a GBX 136 ($2.18) price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Home Retail Group Plc in a research note to investors on Monday, September 23rd. They now have a GBX 210 ($3.37) price target on the stock. Twelve equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 139.44 ($2.24).
Shares of Home Retail Group Plc (LON:HOME) traded up 0.71% during mid-day trading on Tuesday, hitting GBX 169.30. The stock had a trading volume of 1,610,229 shares. Home Retail Group Plc has a 52-week low of GBX 95.05 and a 52-week high of GBX 178.00. The stock’s 50-day moving average is GBX 154.8 and its 200-day moving average is GBX 149.. The company’s market cap is £1.354 billion.
Home Retail Group plc is a home and general merchandise retailer. The Company is organized into three business segments: Argos, Homebase and Financial Services together with Central Activities.
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