Canaccord Genuity Lowers Darty PLC Price Target to GBX 288 (DRTY)
Canaccord Genuity dropped their target price on shares of Darty PLC (LON:DRTY) from GBX 338 ($5.75) to GBX 288 ($4.90) in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 186.57% from the company’s current price.
Shares of Darty PLC (LON:DRTY) traded down 0.25% on Thursday, hitting GBX 100.25. 295,000 shares of the company’s stock traded hands. Darty PLC has a 52-week low of GBX 57.25 and a 52-week high of GBX 133.00. The stock’s 50-day moving average is GBX 0.96 and its 200-day moving average is GBX 1.08.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Darty PLC in a research note on Tuesday. They now have a GBX 85 ($1.45) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Darty PLC in a research note on Friday, June 20th. They now have a GBX 115 ($1.96) price target on the stock. Finally, analysts at N+1 Singer reiterated a “buy” rating on shares of Darty PLC in a research note on Thursday, June 19th. They now have a GBX 140 ($2.38) price target on the stock. Five analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 112.53 ($1.92).
Darty plc, formerly Kesa Electricals plc, is a cross channel service led electrical retailer. The Company operates in three segments: Darty (LON:DRTY), other established businesses (which consists of Vanden Borre in Belgium, BCC in the Netherlands, and Datart in the Czech Republic and Slovakia), and developing businesses (which consist of Darty Italy, Darty Spain and Darty Turkey).
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