French Connection Group (FCCN) Rating Increased to Buy at Numis Securities Ltd
French Connection Group (LON:FCCN) was upgraded by research analysts at Numis Securities Ltd to a “buy” rating in a research note issued on Tuesday. The brokerage currently has a GBX 55 ($0.72) price target on the stock. Numis Securities Ltd’s price objective points to a potential upside of 45.21% from the stock’s previous close.
Shares of French Connection Group (LON:FCCN) opened at 36.00 on Tuesday. French Connection Group has a 12-month low of GBX 20.00 and a 12-month high of GBX 51.79. The stock has a 50 day moving average price of GBX 43.49 and a 200 day moving average price of GBX 40.58. The firm’s market capitalization is GBX 34.65 million.
In other news, insider Angelides,C E acquired 25,000 shares of French Connection Group stock in a transaction dated Tuesday, July 26th. The shares were acquired at an average cost of GBX 37 ($0.48) per share, with a total value of £9,250 ($12,074.14).
About French Connection Group
French Connection Group PLC designs and supplies branded fashion clothing and accessories for men and women. The Company operates retail stores and concessions in the United Kingdom, Europe, the United States and Canada and also operates e-commerce businesses in each of those territories. Its principal brand is French Connection, which designs, produces and distributes branded fashion clothing, accessories, such as toiletries and fragrances, shoes, watches, jewelry, eyewear, furniture and homeware through its distribution channels: retail stores, e-commerce, wholesale and licensing.
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