French Connection Group (FCCN) Rating Increased to Buy at Numis Securities Ltd
French Connection Group (LON:FCCN) was upgraded by analysts at Numis Securities Ltd to a “buy” rating in a report issued on Tuesday. The firm presently has a GBX 55 ($0.72) price objective on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 45.21% from the stock’s previous close.
French Connection Group (LON:FCCN) opened at 36.00 on Tuesday. The stock has a 50 day moving average price of GBX 43.49 and a 200 day moving average price of GBX 40.58. French Connection Group has a 1-year low of GBX 20.00 and a 1-year high of GBX 51.79. The firm’s market capitalization is GBX 34.65 million.
In other news, insider Angelides,C E acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was acquired at an average price of GBX 40 ($0.52) per share, for a total transaction of £8,000 ($10,442.50).
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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