HSBC Cuts N Brown Group plc (BWNG) Price Target to GBX 205
Several other brokerages have also recently weighed in on BWNG. Shore Capital reaffirmed a house stock rating on shares of N Brown Group plc in a research note on Thursday, June 16th. Peel Hunt reissued a reduce rating and issued a GBX 230 ($2.80) price objective (down previously from GBX 275 ($3.35)) on shares of N Brown Group plc in a report on Thursday, June 16th. Numis Securities Ltd reissued a hold rating and issued a GBX 250 ($3.05) price objective on shares of N Brown Group plc in a report on Thursday, June 16th. BNP Paribas increased their price objective on N Brown Group plc from GBX 175 ($2.13) to GBX 185 ($2.25) and gave the company an underperform rating in a report on Friday, September 9th. Finally, Jefferies Group reissued a buy rating and issued a GBX 250 ($3.05) price objective on shares of N Brown Group plc in a report on Wednesday, September 21st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 256.50 ($3.13).
Shares of N Brown Group plc (LON:BWNG) opened at 187.70 on Thursday. N Brown Group plc has a one year low of GBX 159.90 and a one year high of GBX 400.00. The company’s market cap is GBX 530.31 million. The firm has a 50-day moving average of GBX 195.70 and a 200 day moving average of GBX 218.45.
The firm also recently announced a dividend, which will be paid on Friday, January 13th. Stockholders 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 dividend yield of 2.77%.
In other N Brown Group plc news, insider Higginson,Andrew bought 1,177 shares of N Brown Group plc stock in a transaction dated Thursday, July 28th. The stock was bought at an average price of GBX 180 ($2.19) per share, with a total value of £2,118.60 ($2,582.08).
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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