N Brown Group plc (BWNG) PT Lowered to GBX 205
N Brown Group plc (LON:BWNG) had its price objective cut by analysts at HSBC from GBX 215 ($2.66) to GBX 205 ($2.54) in a research note issued to investors on Thursday. The brokerage currently has a “hold” rating on the stock. HSBC’s price objective indicates a potential upside of 2.30% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. N+1 Singer decreased their price objective on N Brown Group plc from GBX 295 ($3.65) to GBX 280 ($3.47) and set a “buy” rating for the company in a research note on Thursday, September 22nd. Jefferies Group reiterated a “buy” rating and issued a GBX 250 ($3.09) price objective on shares of N Brown Group plc in a research note on Wednesday, September 21st. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 250 ($3.09) price objective on shares of N Brown Group plc in a research note on Thursday, June 16th. Shore Capital reiterated a “house stock” rating on shares of N Brown Group plc in a research note on Thursday, June 16th. Finally, Peel Hunt reiterated a “reduce” rating and issued a GBX 230 ($2.85) price objective (down previously from GBX 275 ($3.40)) on shares of N Brown Group plc in a research note on Thursday, June 16th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 256.50 ($3.17).
Shares of N Brown Group plc (LON:BWNG) opened at 194.10 on Thursday. N Brown Group plc has a 52-week low of GBX 159.90 and a 52-week high of GBX 400.00. The firm has a 50-day moving average price of GBX 197.49 and a 200 day moving average price of GBX 222.24. The stock’s market cap is GBX 548.39 million.
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The company also recently declared a dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be given a dividend of GBX 5.67 ($0.07) per share. This represents a yield of 2.77%. The ex-dividend date is Thursday, December 15th.
In other news, insider Higginson,Andrew purchased 1,177 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were bought at an average price 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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