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Analyst Andrew Wade retained his ‘hold’ recommendation and target price of 120p on the shares, which rose 2.1% to 39.7p yesterday.
‘Despite a challenging full-year 2020 and headwinds continuing into full-year 2021, N Brown is seeing improved trading trends, is on a firmer financial footing, and is accelerating its pace of change,’ he said.
Wade added the group was moving towards a ‘truly digital business’ and this process had ‘been accelerated by the pandemic, which has enabled the business to move much faster in saving costs and restructuring its marketing towards efficient digital channels’.I
https://citywire.co.uk/funds-insider/news/the-expert-view-savills-science-in-sport-and-n-brown/a1372910?re=75563&ea=1220613&utm_source=BulkEmail_FundsInsider+DawnChorus&utm_medium=BulkEmail_FundsInsider+DawnChorus&utm_campaign=BulkEmail_FundsInsider+DawnChorus#i=4the
Analyst Andrew Wade retained his ‘hold’ recommendation and target price of 120p on the shares, which rose 2.1% to 39.7p yesterday.
‘Despite a challenging full-year 2020 and headwinds continuing into full-year 2021, N Brown is seeing improved trading trends, is on a firmer financial footing, and is accelerating its pace of change,’ he said.
Hi Mushyd,
my own ignorant opinion is that the general recovery will be quicker than the Fed expects - but I.don't see that it matters much for Brown, who being online, are insulated from lockdown. Brown is going to do very well, no matter which scenario unfolds.
From the analyses published here it seems returning to about £1.50 in the near term is likely. But what about the long term? Five years ago we were at about £5, and then the price started a long slow slide to open 2020 at c.£1.50. Have the negative fr issues from then been addressed?
With track and trace in place and partial social distancing, I reckon lockdown is over, until the vaccine arrives. A lot of Brown's high street rivals will have vanished forever - loan's can't save a lot of them, who were already failing or on wafer thin margins. The pandemic just accelerated the inevitable. Boom times ahead for Brown.