N Brown Group plc’s (BWNG) “Buy” Rating Reiterated at Jefferies Group
N Brown Group plc (LON:BWNG)‘s stock had its “buy” rating reissued by Jefferies Group in a note issued to investors on Wednesday. They presently have a GBX 250 ($3.26) target price on the stock. Jefferies Group’s target price would indicate a potential upside of 31.58% from the company’s previous close.
Several other equities research analysts also recently issued reports on the company. BNP Paribas increased their price objective on N Brown Group plc from GBX 175 ($2.28) to GBX 185 ($2.41) and gave the stock an “underperform” rating in a research note on Friday, September 9th. HSBC reduced their price objective on N Brown Group plc from GBX 320 ($4.18) to GBX 230 ($3.00) and set a “buy” rating for the company in a research note on Tuesday, July 19th. Peel Hunt reissued a “reduce” rating and issued a GBX 150 ($1.96) price objective on shares of N Brown Group plc in a research note on Friday, July 8th. Shore Capital reissued a “house stock” rating on shares of N Brown Group plc in a research note on Thursday, June 16th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a GBX 235 ($3.07) price objective on shares of N Brown Group plc in a research note on Thursday, June 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 261.67 ($3.42).
N Brown Group plc (LON:BWNG) opened at 190.70 on Wednesday. The firm has a 50-day moving average price of GBX 193.38 and a 200-day moving average price of GBX 239.47. N Brown Group plc has a 12-month low of GBX 159.90 and a 12-month high of GBX 400.00. The stock’s market cap is GBX 538.79 million.
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In related news, insider Higginson,Andrew acquired 1,177 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were acquired at an average cost of GBX 180 ($2.35) per share, with a total value of £2,118.60 ($2,765.44). Also, insider Spindler,Angela sold 106,629 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of GBX 170 ($2.22), for a total value of £181,269.30 ($236,613.11).
N Brown Group plc Company Profile
N Brown Group plc is a United Kingdom-based Internet and catalogue home shopping company. The Company is engaged in multi-channel retailing. The Company offers clothing, footwear, household and electrical goods. In addition, the Company provides financial services, including flexible credit plans. The Company operates in the United States, the United Kingdom, Germany and Ireland.
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