Brammer plc Upgraded by Investec to Buy (BRAM)
Brammer plc (LON:BRAM) was upgraded by stock analysts at Investec to a “buy” rating in a report issued on Tuesday. The firm currently has a GBX 435 ($7.39) target price on the stock, down from their previous target price of GBX 450 ($7.64). Investec’s target price suggests a potential upside of 3.57% from the company’s current price.
Brammer plc (LON:BRAM) traded up 3.64% during mid-day trading on Tuesday, hitting GBX 420.00. The stock had a trading volume of 160,540 shares. Brammer plc has a 52 week low of GBX 385.00 and a 52 week high of GBX 509.00. The stock has a 50-day moving average of GBX 456.5 and a 200-day moving average of GBX 471.1. The company’s market cap is £495.4 million.
The company also recently declared a dividend, which is scheduled for Thursday, November 6th. Investors of record on Thursday, October 9th will be given a dividend of GBX 3.60 ($0.06) per share. This represents a yield of 0.86%. The ex-dividend date of this dividend is Thursday, October 9th.
BRAM has been the subject of a number of other recent research reports. Analysts at N+1 Singer reiterated a “sell” rating on shares of Brammer plc in a research note on Friday. They now have a GBX 440 ($7.47) price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Brammer plc from GBX 495 ($8.41) to GBX 445 ($7.56) in a research note on Tuesday, July 22nd. They now have a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 424.60 ($7.21).
Brammer plc is a United Kingdom-based holding company. The Company also provides management services.
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