N Brown Group plc (BWNG) Receives “Hold” Rating from Numis Securities Ltd
N Brown Group plc (LON:BWNG)‘s stock had its “hold” rating reaffirmed by Numis Securities Ltd in a research report issued on Thursday. They currently have a GBX 200 ($2.61) target price on the stock. Numis Securities Ltd’s price target points to a potential upside of 6.16% from the stock’s previous close.
BWNG has been the subject of a number of other research reports. Jefferies Group decreased their target price on shares of N Brown Group plc from GBX 415 ($5.42) to GBX 250 ($3.26) and set a “buy” rating for the company in a research report on Tuesday, July 5th. BNP Paribas reiterated an “underperform” rating and issued a GBX 175 ($2.28) target price on shares of N Brown Group plc in a research report on Monday, June 27th. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 235 ($3.07) target price on shares of N Brown Group plc in a research report on Thursday, June 2nd. Peel Hunt reiterated a “reduce” rating and issued a GBX 230 ($3.00) target price (down previously from GBX 275 ($3.59)) on shares of N Brown Group plc in a research report on Thursday, June 16th. Finally, HSBC reiterated a “buy” rating and issued a GBX 390 ($5.09) target price on shares of N Brown Group plc in a research report on Friday, June 17th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 256.11 ($3.34).
N Brown Group plc (LON:BWNG) opened at 189.6658 on Thursday. N Brown Group plc has a 12 month low of GBX 159.90 and a 12 month high of GBX 400.00. The firm’s market cap is GBX 535.87 million. The company’s 50-day moving average is GBX 193.47 and its 200 day moving average is GBX 238.50.
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In other news, insider Spindler,Angela sold 106,629 shares of the 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). Also, insider Higginson,Andrew purchased 1,177 shares of N Brown Group plc stock in a transaction dated Thursday, July 28th. The stock was bought at an average cost of GBX 180 ($2.35) per share, with a total value of £2,118.60 ($2,765.44).
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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