Poundland Group (LON:PLND) Rating Reaffirmed
Professional analysts at Nomura now has a GBX 270.00 PT on Poundland Group (LON:PLND). Nomura and their recent PT provides a potential upside of 21.46% from the company’s last stock close. The rating has been released in recent note on Monday morning.
From a total of 12 analysts covering Poundland Group (LON:PLND) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 54% of the ratings are positive. The highest target price is GBX 400 while the lowest target price is GBX 250. The mean of all analyst targets is GBX 308.33 with a 46.96% above today’s (GBX 223) stock price. Poundland Group was the topic of 32 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on November 30 with “Outperform” rating. BNP Paribas maintained shares with “Outperform” rating and GBX 270 target share price in a report from a November 20. Citigroup maintained PLND stock in a recent report from November 23 with “Buy” rating. Jefferies maintained the rating on November 20. Jefferies has a “Buy” rating and a GBX 300 price target on shares. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on a November 20.
Approximately 150,372 shares of stock traded hands. Poundland Group PLC (LON:PLND) has declined 30.05% since May 8, 2015 and is downtrending. It has underperformed by 28.97% the S&P500.
Poundland Group plc is a United Kingdom company, which operates as a general merchandise retailer in Europe. The company has a market cap of 599.21 million GBP. The Firm operates a network of over 580 stores across the United Kingdom and Ireland. It has 22.31 P/E ratio. It sells a range of products across 17 product categories, including household goods, grocery, impulse, and health and beauty.