Shares of N Brown Group plc (LON:BWNG) fell 24.5% on Thursday . The stock traded as low as GBX 101.60 ($1.33) and last traded at GBX 104.50 ($1.37). 1,610,331 shares changed hands during mid-day trading, an increase of 173% from the average session volume of 590,754 shares. The stock had previously closed at GBX 138.50 ($1.81).
Several brokerages have weighed in on BWNG. 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. HSBC dropped their price objective on shares of N Brown Group from GBX 290 ($3.79) to GBX 240 ($3.14) and set a “buy” rating for the company in a research note on Monday, July 9th. Shore Capital reiterated a “house stock” rating on shares of N Brown Group in a research note on Monday, September 10th. Finally, Peel Hunt reiterated an “add” rating on shares of N Brown Group in a research note on Thursday, September 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 212.50 ($2.78).
The company also recently announced a dividend, which will be paid on Friday, January 11th. Stockholders of record on Thursday, December 13th will be given a GBX 2.83 ($0.04) dividend. This represents a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, December 13th.
N Brown Group Company Profile (LON:BWNG)
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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