Home Retail Group Plc Price Target Raised to GBX 220 at HSBC (HOME)
Stock analysts at HSBC upped their target price on shares of Home Retail Group Plc (LON:HOME) from GBX 205 ($3.32) to GBX 220 ($3.56) in a report issued on Thursday, American Banking News.com reports. The firm currently has an “overweight” rating on the stock. HSBC’s price target would suggest a potential upside of 12.24% from the stock’s previous close.
Shares of Home Retail Group Plc (LON:HOME) opened at 196.40 on Thursday. Home Retail Group Plc has a 1-year low of GBX 103.70 and a 1-year high of GBX 185.30. The stock’s 50-day moving average is GBX 165.5 and its 200-day moving average is GBX 153.1. The company’s market cap is £1.571 billion.
A number of other firms have also recently commented on HOME. Analysts at Deutsche Bank raised their price target on shares of Home Retail Group Plc from GBX 160 ($2.59) to GBX 185 ($2.99) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Home Retail Group Plc to a “neutral” rating in a research note to investors on Thursday. They now have a GBX 195 ($3.15) price target on the stock, up previously from GBX 115 ($1.86). Finally, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Home Retail Group Plc in a research note to investors on Wednesday. They now have a GBX 120 ($1.94) price target on the stock. Eleven equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Home Retail Group Plc currently has a consensus rating of “Hold” and a consensus target price of GBX 148.32 ($2.40).
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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