N Brown Group plc (LON:BWNG) had its target price reduced by research analysts at Peel Hunt from GBX 230 ($2.85) to GBX 200 ($2.48) in a note issued to investors on Tuesday. The firm presently has a “reduce” rating on the stock. Peel Hunt’s target price points to a potential downside of 0.20% from the stock’s previous close.
A number of other research firms have also issued reports on BWNG. HSBC reaffirmed a “buy” rating and set a GBX 390 ($4.83) target price on shares of N Brown Group plc in a report on Friday, June 17th. Shore Capital reaffirmed a “house stock” rating on shares of N Brown Group plc in a report on Thursday, June 16th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 250 ($3.09) target price on shares of N Brown Group plc in a report on Thursday, June 16th. BNP Paribas lifted their target price on 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 reaffirmed a “buy” rating and set a GBX 250 ($3.09) target price 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 an average rating of “Hold” and an average target price of GBX 256.50 ($3.17).
Shares of N Brown Group plc (LON:BWNG) opened at 196.1714 on Tuesday. N Brown Group plc has a 52-week low of GBX 159.90 and a 52-week high of GBX 400.00. The stock’s market capitalization is GBX 554.25 million. The company has a 50 day moving average of GBX 197.49 and a 200 day moving average of GBX 222.24.
The firm also recently disclosed a dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be given a dividend of GBX 5.67 ($0.07) per share. The ex-dividend date is Thursday, December 15th. This represents a yield of 2.77%.
In other N Brown Group plc news, insider Higginson,Andrew acquired 1,177 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was purchased at an average cost of GBX 180 ($2.23) per share, for a total transaction 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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