N Brown Group (LON:BWNG) had its target price decreased by HSBC from GBX 240 ($3.14) to GBX 165 ($2.16) in a research report issued on Friday. The firm presently has a “buy” rating on the stock. HSBC’s target price indicates a potential upside of 29.82% from the stock’s previous close.
Several other equities research analysts have also weighed in on the company. Peel Hunt upgraded N Brown Group to an “add” rating and lowered their price objective for the company from GBX 250 ($3.27) to GBX 225 ($2.94) in a research note on Friday, August 24th. Shore Capital reiterated a “house stock” rating on shares of N Brown Group in a research note on Monday, September 10th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 130 ($1.70) price objective 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 assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 200 ($2.61).
BWNG stock opened at GBX 127.10 ($1.66) on Friday. 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 other N Brown Group news, insider Ronald McMillan purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 17th. The shares were acquired at an average cost of GBX 121 ($1.58) per share, for a total transaction 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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