French Connection Group (FCCN) Lifted to “Buy” at Numis Securities Ltd
French Connection Group (LON:FCCN) was upgraded by equities research analysts at Numis Securities Ltd to a “buy” rating in a report issued on Tuesday. The brokerage currently has a GBX 55 ($0.72) price objective on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 26.07% from the stock’s current price.
Shares of French Connection Group (LON:FCCN) opened at 39.98 on Tuesday. The company’s market cap is GBX 38.48 million. French Connection Group has a one year low of GBX 20.00 and a one year high of GBX 51.79. The company has a 50 day moving average price of GBX 43.72 and a 200 day moving average price of GBX 40.69.
In related news, insider Angelides,C E purchased 25,000 shares of French Connection Group stock in a transaction on Tuesday, July 26th. The stock was bought at an average price of GBX 37 ($0.48) per share, with a total value of £9,250 ($12,074.14).
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About French Connection Group
French Connection Group PLC designs and supplies branded fashion clothing and accessories for men and women. The Company operates retail stores and concessions in the United Kingdom, Europe, the United States and Canada and also operates e-commerce businesses in each of those territories. Its principal brand is French Connection, which designs, produces and distributes branded fashion clothing, accessories, such as toiletries and fragrances, shoes, watches, jewelry, eyewear, furniture and homeware through its distribution channels: retail stores, e-commerce, wholesale and licensing.
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