N Brown Group (BWNG) Price Target Cut to GBX 165
A number of other research analysts also recently commented on BWNG. Peel Hunt raised N Brown Group to an add rating and dropped their price target for the company from GBX 250 ($3.27) to GBX 225 ($2.94) in a research note on Friday, August 24th. Shore Capital reaffirmed a house stock rating on shares of N Brown Group in a research note on Monday, September 10th. Finally, Berenberg Bank reaffirmed a hold rating and issued a GBX 130 ($1.70) price target on shares of N Brown Group in a research note on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 200 ($2.61).
BWNG stock traded down GBX 1.40 ($0.02) during midday trading on Friday, reaching GBX 127.10 ($1.66). The company had a trading volume of 683,617 shares, compared to its average volume of 590,754. N Brown Group has a 1-year low of GBX 181.20 ($2.37) and a 1-year high of GBX 361 ($4.72).
In related news, insider Ronald McMillan purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 17th. The stock was acquired at an average price of GBX 121 ($1.58) per share, with a total value of £60,500 ($79,053.97).
About N Brown Group
N Brown Group plc operates as a digital fashion retailer in the United Kingdom, Ireland, and the United States. The company offers customers a range of clothing, footwear, and homeware products under the JD Williams, Simply Be, Jacamo, Fashion World, Figleaves, Marisota, High and Mighty, Ambrose Wilson, Premier Man, Julipa, and House of Bath brands.
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