French Connection Group (FCCN) Upgraded to Buy at Numis Securities Ltd
French Connection Group (LON:FCCN) was upgraded by stock analysts at Numis Securities Ltd to a “buy” rating in a note issued to investors on Tuesday. The firm presently has a GBX 55 ($0.72) price target on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 26.07% from the stock’s previous close.
Shares of French Connection Group (LON:FCCN) opened at 39.35 on Tuesday. French Connection Group has a 52 week low of GBX 20.00 and a 52 week high of GBX 51.79. The firm’s market capitalization is GBX 37.88 million. The company has a 50-day moving average of GBX 43.72 and a 200-day moving average of GBX 40.69.
In other French Connection Group news, insider Angelides,C E acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was purchased 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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French Connection Group Company Profile
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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