N+1 Singer Reiterates “Buy” Rating for N Brown Group plc (BWNG)
N Brown Group plc (LON:BWNG)‘s stock had its “buy” rating restated by equities researchers at N+1 Singer in a report issued on Tuesday. They presently have a GBX 280 ($3.47) price target on the stock. N+1 Singer’s price objective indicates a potential upside of 39.72% from the company’s current price.
A number of other analysts also recently weighed in on BWNG. Peel Hunt restated a “reduce” rating and issued a GBX 150 ($1.86) target price on shares of N Brown Group plc in a report on Friday, July 8th. Shore Capital restated a “house stock” rating on shares of N Brown Group plc in a report on Monday, July 18th. HSBC reduced their target price 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 report on Tuesday, July 19th. BNP Paribas boosted their target price on shares of N Brown Group plc from GBX 175 ($2.17) to GBX 185 ($2.29) and gave the stock an “underperform” rating in a report on Friday, September 9th. Finally, Jefferies Group restated a “buy” rating and issued a GBX 250 ($3.09) target price on shares of N Brown Group plc in a report on Tuesday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently 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 196.1714 on Tuesday. The company has a 50-day moving average price of GBX 197.49 and a 200 day moving average price of GBX 222.24. N Brown Group plc has a 52 week low of GBX 159.90 and a 52 week high of GBX 400.00. The firm’s market cap is GBX 554.25 million.
The business also recently disclosed a dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be given a GBX 5.67 ($0.07) dividend. The ex-dividend date is Thursday, December 15th. This represents a yield of 2.77%.
In related news, insider Higginson,Andrew acquired 1,177 shares of the stock in a transaction on Thursday, July 28th. The stock was bought at an average cost of GBX 180 ($2.23) per share, with a total value 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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