N Brown Group plc (BWNG) Rating Reiterated by HSBC Holdings plc
N Brown Group plc (LON:BWNG)‘s stock had its “hold” rating reissued by research analysts at HSBC Holdings plc in a research report issued on Friday. They presently have a GBX 280 ($3.66) target price on the stock. HSBC Holdings plc’s price objective points to a potential downside of 5.41% from the stock’s current price.
BWNG has been the topic of several other reports. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 280 ($3.66) price objective on shares of N Brown Group plc in a research report on Wednesday, June 21st. Shore Capital reiterated a “house stock” rating on shares of N Brown Group plc in a research report on Tuesday, June 13th. N+1 Singer reiterated a “buy” rating and issued a GBX 300 ($3.92) price objective on shares of N Brown Group plc in a research report on Wednesday, May 3rd. Peel Hunt upgraded shares of N Brown Group plc to a “hold” rating and lifted their price objective for the company from GBX 200 ($2.61) to GBX 250 ($3.26) in a research report on Tuesday, June 20th. Finally, UBS AG downgraded shares of N Brown Group plc to a “sell” rating and cut their price objective for the company from GBX 190 ($2.48) to GBX 185 ($2.42) in a research report on Thursday, March 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. N Brown Group plc has an average rating of “Hold” and a consensus target price of GBX 240.71 ($3.14).
N Brown Group plc (LON:BWNG) opened at 292.90 on Friday. The stock’s 50 day moving average is GBX 296.22 and its 200-day moving average is GBX 243.69. The firm’s market capitalization is GBX 828.30 million. N Brown Group plc has a 52 week low of GBX 164.60 and a 52 week high of GBX 328.23.
In related news, insider Craig Lovelace purchased 12,586 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were bought at an average cost of GBX 313 ($4.09) per share, for a total transaction of £39,394.18 ($51,441.86).
N Brown Group plc Company Profile
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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