Espirito Santo Investment Bank Research Reiterates Sell Rating for Home Retail Group Plc (HOME)
Home Retail Group Plc (LON:HOME)‘s stock had its “sell” rating reiterated by equities research analysts at Espirito Santo Investment Bank Research in a research note issued to investors on Monday, American Banking News reports. They currently have a GBX 115 ($1.89) price objective on the stock. Espirito Santo Investment Bank Research’s target price points to a potential downside of 36.04% from the company’s current price.
Home Retail Group Plc (LON:HOME) traded down 3.85% during mid-day trading on Monday, hitting GBX 179.80. The stock had a trading volume of 2,128,171 shares. Home Retail Group Plc has a 1-year low of GBX 117.10 and a 1-year high of GBX 211.30. The stock has a 50-day moving average of GBX 193.6 and a 200-day moving average of GBX 176.0. The company’s market cap is £1.438 billion.
HOME has been the subject of a number of other recent research reports. Analysts at BNP Paribas raised their price target on shares of Home Retail Group Plc from GBX 160 ($2.64) to GBX 180 ($2.97) in a research note to investors on Thursday. They now have an “underperform” rating on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Home Retail Group Plc in a research note to investors on Wednesday, January 22nd. They now have a GBX 140 ($2.31) price target on the stock. Finally, analysts at HSBC raised their price target on shares of Home Retail Group Plc from GBX 220 ($3.62) to GBX 250 ($4.12) in a research note to investors on Friday, January 17th. They now have an “overweight” rating on the stock. Eleven investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 160.97 ($2.65).
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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