N Brown Group plc (BWNG) Price Target Cut to GBX 205 by Analysts at HSBC
N Brown Group plc (LON:BWNG) had its price objective dropped by stock analysts at HSBC from GBX 215 ($2.66) to GBX 205 ($2.54) in a report released on Thursday. The firm presently has a “hold” rating on the stock. HSBC’s target price points to a potential upside of 2.30% from the stock’s previous close.
Other research analysts have also issued reports about the stock. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 200 ($2.48) target price on shares of N Brown Group plc in a research note on Wednesday. Peel Hunt restated a “reduce” rating and issued a GBX 230 ($2.85) price target (down from GBX 275 ($3.40)) on shares of N Brown Group plc in a research report on Thursday, June 16th. Shore Capital restated a “house stock” rating on shares of N Brown Group plc in a research report on Monday, July 18th. N+1 Singer restated a “buy” rating and issued a GBX 280 ($3.47) price target on shares of N Brown Group plc in a research report on Tuesday. Finally, BNP Paribas restated an “underperform” rating and issued a GBX 175 ($2.17) price target on shares of N Brown Group plc in a research report on Monday, June 27th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 256.50 ($3.17).
Shares of N Brown Group plc (LON:BWNG) opened at 195.20 on Thursday. The firm has a 50 day moving average of GBX 197.49 and a 200 day moving average of GBX 222.24. The firm’s market cap is GBX 551.50 million. N Brown Group plc has a 52 week low of GBX 159.90 and a 52 week high of GBX 400.00.
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The company also recently declared a dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be issued a dividend of GBX 5.67 ($0.07) per share. This represents a yield of 2.77%. The ex-dividend date of this dividend is Thursday, December 15th.
In other news, insider Higginson,Andrew purchased 1,177 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was purchased at an average cost of GBX 180 ($2.23) per share, with a total value of £2,118.60 ($2,622.03).
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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