HSBC Holdings plc Reaffirms “Hold” Rating for N Brown Group plc (LON:BWNG)

N Brown Group plc (LON:BWNG)‘s stock had its “hold” rating reaffirmed by equities researchers at HSBC Holdings plc in a note issued to investors on Friday, July 21st. They presently have a GBX 280 ($3.63) price objective on the stock. HSBC Holdings plc’s price objective suggests a potential downside of 14.66% from the stock’s current price.

A number of other research firms also recently commented on BWNG. N+1 Singer reaffirmed a “buy” rating on shares of N Brown Group plc in a research note on Wednesday, June 21st. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 280 ($3.63) price target on shares of N Brown Group plc in a research note on Wednesday, June 21st. Shore Capital reaffirmed a “house stock” rating on shares of N Brown Group plc in a research note on Thursday, July 13th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 250 ($3.25) target price on shares of N Brown Group plc in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 240.71 ($3.12).

N Brown Group plc (BWNG) traded up 0.24% during midday trading on Friday, hitting GBX 328.10. 231,459 shares of the stock traded hands. The stock’s market capitalization is GBX 927.85 million. The firm’s 50 day moving average is GBX 308.39 and its 200-day moving average is GBX 258.31. N Brown Group plc has a 12-month low of GBX 175.76 and a 12-month high of GBX 331.40.

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In other N Brown Group plc news, insider Craig Lovelace bought 12,586 shares of the stock in a transaction on Monday, July 3rd. The stock was purchased at an average price of GBX 313 ($4.06) per share, with a total value of £39,394.18 ($51,141.35).

N Brown Group plc Company Profile

N Brown Group plc is a digital specialist fit fashion retailer. The Company offers customers a range of products in clothing, footwear and home wares. The Company is a multichannel retailer. It operates through the Home Shopping segment. Its power brands include JD Williams, Simply Be and Jacamo. JD Williams is a department store concept offering style for 50-plus customers and their families.

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