The N Brown Group plc (BWNG) Receives Buy Rating from Jefferies Group

The N Brown Group plc (BWNG) Receives Buy Rating from Jefferies Group

Jefferies Group reiterated their buy rating on shares of N Brown Group plc (LON:BWNG) in a research note published on Tuesday morning. Jefferies Group currently has a GBX 250 ($3.09) price objective on the stock.

Several other analysts have also recently issued reports on BWNG. Numis Securities Ltd reiterated a hold rating and set a GBX 250 ($3.09) target price on shares of N Brown Group plc in a research report on Thursday, June 16th. Shore Capital reissued a house stock rating on shares of N Brown Group plc in a research note on Thursday, June 16th. HSBC reissued a buy rating and set a GBX 390 ($4.83) price target on shares of N Brown Group plc in a research note on Friday, June 17th. Peel Hunt reissued a reduce rating and set a GBX 230 ($2.85) price target (down from GBX 275 ($3.40)) on shares of N Brown Group plc in a research note on Thursday, June 16th. Finally, N+1 Singer dropped their price target on N Brown Group plc from GBX 295 ($3.65) to GBX 280 ($3.47) and set a buy rating for the company in a research note on Thursday, September 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 256.50 ($3.17).

Shares of N Brown Group plc (LON:BWNG) traded down 3.0643% during trading on Tuesday, reaching GBX 198.7182. The company’s stock had a trading volume of 571,966 shares. The stock’s 50 day moving average is GBX 197.37 and its 200 day moving average is GBX 222.39. The firm’s market cap is GBX 561.44 million. N Brown Group plc has a one year low of GBX 159.90 and a one year high of GBX 400.00.

The company also recently declared a dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be paid a dividend of GBX 5.67 ($0.07) per share. This represents a yield of 2.77%. The ex-dividend date of this dividend is Thursday, December 15th.

In other news, insider Higginson,Andrew purchased 1,177 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were bought at an average cost of GBX 180 ($2.23) per share, for a total transaction of £2,118.60 ($2,622.03).

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