N Brown Group plc (BWNG) Price Target Cut to GBX 280
N Brown Group plc (LON:BWNG) had its price objective dropped by analysts at N+1 Singer from GBX 295 ($3.85) to GBX 280 ($3.65) in a report issued on Thursday. The brokerage currently has a “buy” rating on the stock. N+1 Singer’s target price points to a potential upside of 48.62% from the company’s current price.
A number of other research analysts also recently commented on BWNG. Citigroup Inc. reissued a “neutral” rating and issued a GBX 235 ($3.07) price target on shares of N Brown Group plc in a report on Thursday, June 2nd. Numis Securities Ltd reissued a “hold” rating and issued a GBX 250 ($3.26) price target on shares of N Brown Group plc in a report on Thursday, June 16th. Shore Capital reissued a “house stock” rating on shares of N Brown Group plc in a report on Thursday, June 16th. Peel Hunt reissued a “reduce” rating and issued a GBX 230 ($3.00) price target (down previously from GBX 275 ($3.59)) on shares of N Brown Group plc in a report on Thursday, June 16th. Finally, HSBC reissued a “buy” rating and issued a GBX 390 ($5.09) price target on shares of N Brown Group plc in a report on Friday, June 17th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 258.50 ($3.37).
Shares of N Brown Group plc (LON:BWNG) opened at 189.50 on Thursday. N Brown Group plc has a 1-year low of GBX 159.90 and a 1-year high of GBX 400.00. The stock’s market capitalization is GBX 535.40 million. The company has a 50 day moving average price of GBX 193.47 and a 200-day moving average price of GBX 238.49.
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In other news, insider Higginson,Andrew acquired 1,134 shares of the business’s stock in a transaction on Tuesday, June 28th. The shares were purchased at an average price of GBX 186 ($2.43) per share, for a total transaction of £2,109.24 ($2,753.22). Also, insider Spindler,Angela sold 106,629 shares of the company’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).
About N Brown Group plc
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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