Poundland Group (LON:PLND) Rating Reaffirmed
Investec now has a GBX 225.00 price target on the 579.59 million GBP market cap company or 4.48% upside potential. In an interesting research report distributed on Tuesday morning, Poundland Group (LON:PLND) shares have had their Hold Rating has decided to reaffirm by stock research analysts at Investec.
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 48.78% above today’s (GBX 215.7) stock price. Poundland Group was the topic of 35 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 14 with “Hold” rating. Nomura maintained shares with “Neutral” rating and GBX 270 target share price in a report from a December 7. Credit Suisse maintained PLND stock in a recent report from November 30 with “Outperform” rating. BNP Paribas maintained the rating on November 20. BNP Paribas has a “Outperform” rating and a GBX 270 price target on shares. Finally, Canaccord Genuity maintained the stock with “Buy” rating in a report issued on a November 23.
Approximately 50,872 shares of stock traded hands. Poundland Group PLC (LON:PLND) has declined 31.93% since May 18, 2015 and is downtrending. It has underperformed by 28.25% 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 579.59 million GBP. The Firm operates a network of over 580 stores across the United Kingdom and Ireland. It has 21.58 P/E ratio. It sells a range of products across 17 product categories, including household goods, grocery, impulse, and health and beauty.