N Brown Group plc’s (BWNG) Buy Rating Reiterated at Jefferies Group
N Brown Group plc (LON:BWNG)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group in a research report issued to clients and investors on Tuesday. They presently have a GBX 250 ($3.09) target price on the stock. Jefferies Group’s price objective would suggest a potential upside of 42.13% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the company. BNP Paribas reissued an “underperform” rating and issued a GBX 140 ($1.73) target price on shares of N Brown Group plc in a research note on Monday, October 3rd. Shore Capital reissued a “house stock” rating on shares of N Brown Group plc in a research note on Monday, July 18th. HSBC cut their target price on N Brown Group plc from GBX 320 ($3.96) to GBX 230 ($2.85) and set a “buy” rating on the stock in a research note on Tuesday, July 19th. N+1 Singer dropped their price objective on N Brown Group plc from GBX 295 ($3.65) to GBX 280 ($3.47) and set a “buy” rating on the stock in a research report on Thursday, September 22nd. Finally, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 200 ($2.48) price objective on shares of N Brown Group plc in a research report on Thursday, September 22nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. N Brown Group plc presently has an average rating of “Hold” and a consensus target price of GBX 256.50 ($3.17).
N Brown Group plc (LON:BWNG) opened at 206.38 on Tuesday. The stock’s market cap is GBX 583.09 million. 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 50-day moving average price is GBX 197.16 and its 200-day moving average price is GBX 223.20.
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In related news, insider Higginson,Andrew acquired 1,177 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were purchased at an average price of GBX 180 ($2.23) per share, with a total value of £2,118.60 ($2,622.03).
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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