N Brown Group (BWNG) Shares Down 0% on Analyst Downgrade

Shares of N Brown Group plc (LON:BWNG) dropped 0% on Thursday after Peel Hunt lowered their price target on the stock from GBX 275 to GBX 250. Peel Hunt currently has a hold rating on the stock. N Brown Group traded as low as GBX 179.10 ($2.38) and last traded at GBX 182.80 ($2.43). Approximately 2,136,628 shares traded hands during trading, an increase of 262% from the average daily volume of 590,754 shares. The stock had previously closed at GBX 182.80 ($2.43).

BWNG has been the subject of several other research reports. N+1 Singer restated a “buy” rating and set a GBX 290 ($3.86) price target on shares of N Brown Group in a research report on Friday, February 16th. HSBC upgraded shares of N Brown Group to a “buy” rating and upped their price target for the stock from GBX 280 ($3.73) to GBX 290 ($3.86) in a research report on Monday, April 23rd. Shore Capital restated a “house stock” rating on shares of N Brown Group in a research report on Wednesday, May 9th. Finally, BNP Paribas upped their price target on shares of N Brown Group from GBX 140 ($1.86) to GBX 160 ($2.13) and gave the stock an “underperform” rating in a research report on Thursday, April 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 250 ($3.33).

In other news, insider Angela Spindler purchased 55,299 shares of the stock in a transaction dated Tuesday, June 5th. The stock was acquired at an average price of GBX 211 ($2.81) per share, for a total transaction of £116,680.89 ($155,346.68).

The company also recently declared a dividend, which will be paid on Friday, August 3rd. Stockholders of record on Thursday, July 5th will be given a dividend of GBX 8.56 ($0.11) per share. The ex-dividend date is Thursday, July 5th. This represents a dividend yield of 4.07%. This is a positive change from N Brown Group’s previous dividend of $5.67.

About N Brown Group

N Brown Group PLC operates as a digital fashion retailer primarily in the United Kingdom, the Republic of 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 brand names.

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