Shore Capital Reiterates “house stock” Rating for N Brown Group plc (BWNG)
N Brown Group plc (LON:BWNG)‘s stock had its “house stock” rating reiterated by equities research analysts at Shore Capital in a research note issued to investors on Thursday.
Several other brokerages have also recently commented on BWNG. HSBC Holdings plc raised shares of N Brown Group plc to a “buy” rating and raised their target price for the stock from GBX 215 ($2.78) to GBX 280 ($3.63) in a report on Tuesday, May 2nd. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 230 ($2.98) target price on shares of N Brown Group plc in a report on Tuesday, May 2nd. Peel Hunt reaffirmed a “hold” rating and set a GBX 250 ($3.24) target price on shares of N Brown Group plc in a report on Thursday. Finally, N+1 Singer reaffirmed a “buy” rating and set a GBX 300 ($3.89) target price on shares of N Brown Group plc in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 250 ($3.24).
N Brown Group plc (LON BWNG) traded down 6.47% during midday trading on Thursday, reaching GBX 284.80. The company had a trading volume of 1,945,137 shares. The stock’s 50 day moving average price is GBX 285.18 and its 200-day moving average price is GBX 235.81. N Brown Group plc has a one year low of GBX 164.60 and a one year high of GBX 328.00. The firm’s market capitalization is GBX 805.40 million.
The company also recently declared a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, July 6th will be given a dividend of GBX 8.56 ($0.11) per share. This is a positive change from N Brown Group plc’s previous dividend of $5.67. The ex-dividend date is Thursday, July 6th. This represents a dividend yield of 3.57%.
In other news, insider Craig Lovelace purchased 12,586 shares of N Brown Group plc stock in a transaction that occurred on Monday, July 3rd. The shares were acquired at an average price of GBX 313 ($4.05) per share, for a total transaction of £39,394.18 ($51,028.73).
About N Brown Group plc
N Brown Group plc is a digital specialist fit fashion retailer. The Company offers customers a range of products in clothing, footwear and home wares. The Company is a multichannel retailer. It operates through the Home Shopping segment. Its power brands include JD Williams, Simply Be and Jacamo. JD Williams is a department store concept offering style for 50-plus customers and their families.
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