DRTY, Broker Update........25 Sep 2015 17:23
<b>Darty PLC Earns Buy Rating from Liberum Capital (DRTY)
September 24th, 2015</b>
Liberum Capital reiterated their buy rating on shares of Darty PLC (LON:DRTY) in a research report released on Monday morning, MarketBeat reports. Liberum Capital currently has a GBX 100 ($1.55) price objective on the stock.
Darty PLC (LON:DRTY) opened at 81.50 on Monday. Darty PLC has a 1-year low of GBX 62.00 and a 1-year high of GBX 83.75. The firm’s 50 day moving average price is GBX 73.66 and its 200-day moving average price is GBX 71.58.
A number of other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. restated an underweight rating and set a GBX 66 ($1.02) target price on shares of Darty PLC in a research report on Monday. Nomura lifted their price target on shares of Darty PLC from GBX 90 ($1.40) to GBX 95 ($1.47) and gave the company a neutral rating in a report on Tuesday, September 15th. HSBC restated a hold rating and set a GBX 77 ($1.20) target price on shares of Darty PLC in a report on Friday, September 11th. Kepler Capital Markets reaffirmed a hold rating and set a GBX 80 ($1.24) price target on shares of Darty PLC in a research note on Thursday, September 10th. Finally, Societe Generale reissued a buy rating and issued a GBX 97.50 ($1.51) target price on shares of Darty PLC in a research report on Saturday, June 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 82.75 ($1.28).
Darty plc (LON:DRTY) is a multi-channel electrical retailer managing over 340 stores in three European countries. The Company operates through three segments, including France (Darty and Mistergooddeal), Belgium and the Netherlands (Vanden Borre and BCC), and Other companies, which contains Czech Republic and Slovakia (Datart). Darty’s three primary product groups include gray goods, brown goods and white goods. White goods comprise major domestic appliances, like washing machines, refrigerators and dish washers, and little domestic appliances, such as hair dryers and kettles, irons, coffee machines. Brown goods are chiefly sound and eyesight products, which include televisions and MP3, DVD and Blu-ray players. Gray goods consist of all multimedia and communication products, like laptops, tablets and smartphon