N Brown Group plc (BWNG) Receives “Hold” Rating from Numis Securities Ltd
N Brown Group plc (LON:BWNG)‘s stock had its “hold” rating restated by Numis Securities Ltd in a research note issued to investors on Wednesday. They presently have a GBX 200 ($2.48) target price on the stock. Numis Securities Ltd’s price objective would suggest a potential downside of 2.44% from the stock’s previous close.
A number of other research firms have also commented on BWNG. Peel Hunt reissued a “reduce” rating and issued a GBX 150 ($1.86) price target on shares of N Brown Group plc in a research report on Friday, July 8th. Shore Capital reissued a “house stock” rating on shares of N Brown Group plc in a research report on Monday, July 18th. HSBC dropped their price target on shares of 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 report on Tuesday, July 19th. N+1 Singer dropped their price target on shares of 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, BNP Paribas lifted their price target on shares of N Brown Group plc from GBX 175 ($2.17) to GBX 185 ($2.29) and gave the company an “underperform” rating in a research report on Friday, September 9th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 256.50 ($3.17).
N Brown Group plc (LON:BWNG) traded down 2.59% during mid-day trading on Wednesday, reaching GBX 199.70. 608,392 shares of the company were exchanged. The stock’s market capitalization is GBX 564.22 million. N Brown Group plc has a 12 month low of GBX 159.90 and a 12 month high of GBX 400.00. The company’s 50 day moving average price is GBX 197.37 and its 200-day moving average price is GBX 222.39.
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The firm also recently disclosed a dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be paid a GBX 5.67 ($0.07) dividend. This represents a yield of 2.77%. The ex-dividend date is Thursday, December 15th.
In other news, insider Higginson,Andrew bought 1,177 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was purchased at an average cost of GBX 180 ($2.23) per share, for a total transaction 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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